Marathon Partners urges Becle, the world's largest tequila producer, to move share listing to US or consider strategic alternatives, including sale.
Marathon Partners, an investment firm, urged Becle, the world's largest tequila producer, to move its share listing from Mexico to the US or review strategic alternatives, including a possible sale. It recommends re-listing shares on a major stock exchange to enhance liquidity and capital allocation options, and considers Becle's stock undervalued. Marathon Partners, which owns 15 million shares, sent a letter to CEO Juan Domingo Beckmann and the board.
March 06, 2024
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