Marcato Sends Letter To Decker's (DECK) Board, Calls for Sale at Attractive Value
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Marcato Sends Letter To Deckers Board Of Directors
June 27, 2017 2:18 PM EDT
SAN FRANCISCO, June 27, 2017 /PRNewswire/ -- Marcato Capital Management LP ("Marcato"), a San Francisco-based investment manager which manages funds that beneficially own approximately 6.0% of the outstanding common shares of Deckers Outdoor Corporation (NYSE: DECK) ("Deckers" or the "Company"), today sent a letter to Deckers' Board of Directors highlighting the Company's history of underperformance and questioning the Company's leadership and ability to generate sustainable, long-term profitability.
Accordingly, if Deckers' strategic review process does not culminate in a sale of the Company at an attractive value to all... More
