Mercator, the activist minority shareholder in Deckers Brands, has laid out its proposals for a detailed restructuring plan that calls for the sale of all its assets except for Ugg, arguing that it would quadruple the company's earnings per share by 2021. It would also raise the return on invested capital from 17 percent to 32 percent. The sale of the other brands would fetch about $464 million in the open market, including $281 million for Hoka One One, or about twice its current revenues. At six times Ebitda, Sanuk and Teva would be worth $94 million and $89 million, respectively. More in Shoe Intelligence.

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