On Wednesday, shares of headphone maker Skullcandy Inc. SKUL are surging, up over 16% in afternoon trading after its founder, Rick Alden, has expressed interest in taking the company private. In a 13D filed by Ptarmagin Capital, LLC, it was revealed that ...
Related Link: Wednesday's Top 8 Pre-Market Gainers “Given the recent selloff in shares of SKUL, and subsequently the sharp discount multiple on the stock, such a transaction could indeed look attractive,” the analyst stated. Dionisio pointed out that ...
for $177 million. The deal values Skullcandy at $5.75 a share, a 23% premium over Thursday's closing price of $4.68. The stock, which had risen 19% since Skullcandy's founder reported takeover talks June 7, rose 22% to $5.71 in morning trading in New York ...
4-Traders · 2y
Shares of headphone maker Skullcandy rose sharply on Wednesday after founder Richard Alden disclosed in a regulatory filing that he is exploring taking the company private. The stock rallied 22 percent in pre-market trading, but has since settled down to ...
Billboard · 1y
* Says rights will be exercisable if a person or group acquires 10 pct or more of company’s common stock Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780) Our Standards:The Thomson Reuters Trust Principles.
Reuters · 1y
SKUL) Board continues to recommend that shareholders accept Incipio's offer and tender shares. The offer expires on August 17. DA Davidson reiterated its Neutral rating and $6.10 price target on the stock. For the second quarter, Skullcandy reported ...
SKUL is a high-growth stock being valued at a low-growth multiple. In a market landscape where CAPE is more than 50% above its historical mean, a stock with 22% annualized EBITDA growth potential trading at 4.3x trailing EBITDA is a steal. Skullcandy is ...
It might be needed to warn investors to steer clear of Skullcandy (SKUL) stock. Shares of the headphone maker plunged more than 20% Friday after warning that it would report a loss in the first quarter and big drop in sales. Several analysts slashed their ...
CNN Money · 5y
The deal values Skullcandy at about $196.6 million, or $6.35 a share, a 62% premium over the company's stock price of $3.93 on June 7, before talks of a takeover were reported. Thursday's agreement comes after a two-month public takeover battle between ...
4-Traders · 1y