e.l.f. Beauty, Inc. (ELF) Could be Worth $23-$25/Share in Takeout - Jefferies
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Marathon Partners Equity Confirms Letter to e.l.f. Beauty, Inc. (ELF) Calling for Sale, Refocus on Core
September 12, 2018 1:47 PM EDTMarathon Partners Equity Management, LLC, a New York-based investment firm, and its affiliated investment funds (collectively "Marathon Partners"), which beneficially own approximately 8.5% of the common stock of e.l.f. Beauty, Inc ("e.l.f." or the "Company") (NYSE: ELF), announced today that it has delivered a letter to Tarang P. Amin, e.l.f.'s CEO and Chairman of the Board of Directors (the "Board"), urging the Board to consider strategic alternatives including materially reducing operating expenses (including executive compensation) or a potential sale of the Company.
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Coty (COTY) and Revlon (REV) Could Be Interested in e.l.f. Beauty (ELF) - DA Davidson
September 12, 2018 11:56 AM EDTDA Davidson analyst Linda Bolton Weiser weighed in on e.l.f. Beauty (NYSE: ELF) amid reports Marathon Partners suggested the company sell itself or refocus on core operations. Wisner notes that on July 2nd they wrote that ELF is positioned as a take-out target at around $18 per... More
