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Skullcandy bidding war ends with Mill Road Capital sale

Aug 24, 2016 - The Deal Pipeline

Headphones maker Skullcandy Inc. (SKUL) announced Wednesday, Aug. 24, that it will be taken private by Mill Road Capital Management LLC after a lengthy bidding war between the private equity firm and PE-backed mobile accessories company Incipio LLC.

Mill Road affiliates MRSK Hold Co. and MRSL Merger Co. will pay $6.35 per share, or $196.6 million, for the Park City, Utah, company. The deal value is a 43% premium over Skullcandy's closing share price on June 22, the last trading day before ...