Skullcandy (SKUL) Approves 'Poison Pill' Provision
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Skullcandy Announces Receipt of Unsolicited Acquisition Proposal
June 27, 2016 6:00 AM EDTPARK CITY, Utah, June 27, 2016 (GLOBE NEWSWIRE) -- Skullcandy, Inc. (NASDAQ: SKUL), which creates world-class audio experiences through its Skullcandy® and Astro Gaming® brands, today announced that on June 24, 2016 Skullcandys board of directors received an unsolicited proposal from Mill Road Capital to acquire all of the outstanding shares of Skullcandy common stock, which proposal was subsequently filed by Mill Road Capital as an exhibit to its Schedule 13D with the Securities and Exchange Commission.
Skullcandy previously announced that it had entered into a merger agreement with Incipio LLC on June 23, 2016... More
Skullcandy Declares Dividend Distribution of Preferred Stock Purchase Rights
June 27, 2016 6:00 AM EDTPARK CITY, Utah, June 27, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Skullcandy, Inc. (Nasdaq: SKUL) announced today 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... More
