Skullcandy (SKUL) Says Revised $6.35/Share Proposal from Mill Road is Superior to Incipio Transaction
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Skullcandy Board of Directors Determines Revised Proposal from Mill Road Capital Management at $6.35 per Share is Superior to Incipio Transaction
August 18, 2016 8:01 AM EDTPARK CITY, Utah, Aug. 18, 2016 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (NASDAQ: SKUL), which creates world-class audio experiences through its Skullcandy® and Astro Gaming® brands, announced that, on August 17, 2016, Skullcandy received a written proposal from Mill Road Capital Management LLC (Mill Road) to acquire Skullcandy for $6.35 per share in cash (the August 17 Mill Road Proposal). Later that day, on August 17, 2016, Skullcandys Board of Directors (the Skullcandy Board), after consultation with its outside legal counsel and financial advisors, determined that the August 17 Mill Road Proposal constitutes a Superior Proposal as defined in Skullcandys previously announced definitive merger agreement, as amended... More
Skullcandy® Partners with Rock My World, Inc. to Build on Human Potential Labs Program
August 18, 2016 8:00 AM EDTPARK CITY, Utah, Aug. 18, 2016 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (NASDAQ: SKUL), the original performance and lifestyle audio brand founded at the intersection of music, sports, technology, and creative culture, is excited to announce their partnership with Rock My World, Inc. Their first service, RockMyRun, works with the world's best DJs to curate playlists that react to physiological feedback. With this partnership, Skullcandys Human Potential Labs continues its mission to deepen the understanding of how to improve performance through music.
Rock My World is a digital health and fitness company... More
Incipio Announces Extension of Tender Offer for Shares of Skullcandy
August 17, 2016 4:05 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Incipio, LLC (Incipio) announced today that it, along with Powder Merger Sub, Inc. (Purchaser), a wholly owned subsidiary of Incipio, has extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Skullcandy, Inc. (NASDAQ: SKUL) (Skullcandy) for $6.10 per share, paid to the seller in cash, without interest thereon, less any applicable withholding and transfer taxes. The tender offer, which was previously scheduled to expire at midnight EDT at the end of the day on Wednesday, August 17, 2016, has been... More
