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BRIEF-Marcato sends letter to Deckers board of directors
June 27, 2017 / 6:31 PM / 6 months ago

BRIEF-Marcato sends letter to Deckers board of directors

June 27 (Reuters) - Marcato Capital Management LP:

* Marcato sends letter to Deckers board of directors

* If Deckers’ review does not culminate in sale of co at attractive value, Marcato will be prepared to “seek significant board change”

* ‍Marcato Capital Management LP says it has retained Cadwalader, Wickersham & Taft LLP as legal counsel in connection with Deckers​

* It owns approximately 6.0 pct of outstanding common shares of Deckers Outdoor Corporation

* Proposed to Deckers Outdoor that “Marcato be afforded limited representation” on co’s board, a proposal board has refused to take up in timely fashion

* If Deckers’ review process doesn’t result in sale of co at “attractive value”, Marcato prepared to nominate director candidates to replace entire board​ Source text for Eikon: Further company coverage:

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