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Phone Accessory Maker Incipio takes headphone manufacturer Skullcandy about
Skullcandy, maker of different styled headphones, is likely to be taken over by Incipio, known for his covers for iPhones and iPads. The two sides have reached an agreement, but Skullcandy may seek an additional 30 days for a better offer.
Incipio takes over for $ 5.75 all the shares of Skullcandy each. That comes to a total of 177 million dollars. The company pays respect to the current value of the shares 23 percent extra. Skullcandy has until July 23 the time to find a better offer from other parties. Then the deal goes through. The companies expect to close the deal in the third quarter of this year.
A representative of Skullcandy announced that the company will still retain its own identity and product line following the acquisition. Skullcandy also produces gaming headsets and earphones for sports. Finally, the company also designed speakers for laptop Dell and Toshiba notebooks. It is not the first acquisition that does the growing Californian Incipio. In 2015, it took both incase if Clamcase about.Viewing:-92
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