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Investing.com — Lazydays Holdings Inc (NASDAQ:LAZY) stock jumped 23% Friday after B. Riley Financial offered to acquire the company for $25 a share in cash.
Lazydays sells and services recreational vehicles. Its shares hit highs of around $25 in 2021 before falling to a low of $15.45 in late January.
B. Riley, said it is one of Lazydays’ largest holders, owning more than one million shares. According to a filing, it made a non-binding offer to Lazydays on Wednesday.
In the filing, B. Riley said it noted the market “continues to discount company’s ability to grow.”
“After significant analysis and diligence based on publicly available information, we have concluded that the company would be better served away from the glare of the public markets in an environment where the necessary investments in growth can be made without market fixation on short-term results,” it said.
