DTSI (DTSI) agrees to acquire SRS Labs (SRSL) in a cash-and-stock transaction valued at $9.50/,...

|By:, SA News Editor

DTSI (DTSI) agrees to acquire SRS Labs (SRSL) in a cash-and-stock transaction valued at $9.50/, or ~$148M in aggregate equity value. The deal brings together DTSI's suite of high-definition audio solutions and SRSL's range of audio processing technologies. SRSL shares halted.