Entering text into the input field will update the search result below

Skullcandy board recommends Incipio offer over bid from Mill Road Capital

Aug. 15, 2016 12:08 PM ETSkullcandy (SKUL) StockBy: Clark Schultz, SA News Editor4 Comments
  • Skullcandy (NASDAQ:SKUL +1.3%) announces it received an unsolicited acquisition proposal from Mill Road Capital Management LLC  to acquire the company at $6.25 per share.
  • The Mill Road Proposal represents a premium to the price of the current transaction with Incipio, however the Strategic Transactions Committee of the Skullcandy Board points to risks with the offer. Those risk include Skullcandy’s obligation to pay a termination fee to Incipio, Mill Road’s history of negotiations with the company,  and the timing of such a transaction relative to the current deal with Incipio."
  • The Skullcandy Board continues to recommend that Skullcandy stockholders tender their shares pursuant to the transaction with Incipio.
  • Source: Press Release

Recommended For You

Related Stocks

SymbolLast Price% Chg
SKUL--
Skullcandy
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.