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After mulling management buyout, Skullcandy goes to Incipio for $177M

Jun 24, 2016 - The Deal Pipeline

Weeks after disclosing a take-private offer from its founder, Skullcandy Inc. (SKUL) announced Friday, June 24, that private equity-backed Incipio LLC had agreed to acquire the consumer electronics company for $177 million in cash.

Under the terms of the deal, Incipio will offer $5.75 in cash per Skullcandy share, a 22.9% premium over Thursday's close of $4.68. Skullcandy's cash, cash equivalents and short-term investments of $46 million as of March 31 imply an enterprise value of $13...