Skullcandy (SKUL) Receives Unsolicited Takeover Proposal from Mill Road Capital

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Go back to Skullcandy (SKUL) Receives Unsolicited Takeover Proposal from Mill Road Capital

Skullcandy (SKUL) Approves 'Poison Pill' Provision

June 27, 2016 6:11 AM EDT

The Board of Directors of Skullcandy, Inc. (Nasdaq: SKUL) announced that it has approved the adoption of a shareholder rights plan. Under the plan, one preferred stock purchase right will be distributed for each share of common stock held by stockholders of record on July 8, 2016. The rights plan is scheduled to expire on June 26, 2017. It is intended to enable all of the Companys stockholders to realize the long-term value of their investment in the Company by guarding against inadequate or unsolicited takeover offers. The rights are designed to ensure that the Board of... More