We are investigating the fairness of the proposed sale of Marine Products Corporation (NYSE: MPX) (“MPX”) to MasterCraft Boat (“MasterCraft”) for $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of MPX. Based on MasterCraft’s closing share price of $23.90 on February 13, 2026, the consideration implies a value of $7.97 per MPX share.
The sale was approved upon the recommendation of a purportedly independent special committee of the MPX board of directors, which indicates that there were potential conflicts of interest affecting certain members of the board.
Further, the sale price is well below MPX’s 52-week high of $10.08 per share, which suggests an opportunistic purchase.
Finally, several MPX shareholders have expressed disappointment in the sale price on SeekingAlpha with one investor asserting, “malpractice by board of MPX. Shame!,” and another contending that “MPX shareholders are getting shafted.”
If you remain an MPX shareholder and have concerns about the fairness of the price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
“We are investigating whether the Special Committee acted in the best interests of MPX shareholders in recommending the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the members of the Special Committee were truly independent, whether the sale price is fair to MPX shareholders, and whether all material information regarding the transaction has been fully disclosed.”