Malibu Boats stock offering set to close

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Malibu Boats’ offering of 4.8 million shares, priced at $18.50 a share, is expected to close this week.

The offering of 3,833,641 shares of Class A common stock sold by the company and 966,359 shares of Class A common stock sold by selling stockholders was announced late last week.

Malibu said net proceeds from the offering, after deducting underwriting discounts and commissions, will be about $67.4 million.The company said it intends to use all of the net proceeds and the underwriters' overallotment option, if exercised, to purchase units of Malibu Boats Holdings LLC from the owners of membership interests in the limited-liability company.

The offering is expected to close on or about Tuesday, the company said in a statement.

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