Skullcandy’s board says Mill Road’s offer is superior to Incipio’s
Skullcandy Inc. (SKUL) said Friday its board has determined that Mill Road Capital Management LLC's offer of $6.05 per share offer for the consumer electronics company is superior to Skullcandy's deal with Goode Partners LLC-backed Incipio LLC.
In the announcement, Skullcandy said that Mill Road's offer was not subject to due diligence or financing conditions.
Incipio has until the end of Tuesday, Aug. 2, to make a counteroffer.
Park City, Utah-based Skullcandy, which specializ...