Marathon partners pushes for the sale of e.l.f. beauty

On november 12, 2019, marathon partners announced that it sent an e-mail on november 8, 2019 to the e.l.f. beauty, inc.'s chairman and ceo, tarang amin, certain members of the company’s board of directors and senior executives at tpg growth regarding the company’s operating performance and share price. marathon stated its views that it would be in the best interests of the company’s shareholders to commence an auction process that seeks a sale of the company to the highest bidder. marathon further stated tpg’s underlying limited partners that are invested in the company would also benefit from an auction process, especially given their continued liquidation of their shares.
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