Thursday, August 25, 2016
Skullcandy Swaps Suitors, Dumps Incipio For Mill Road
Park City-based headphone and accessory maker Skullcandy has walked away at the altar from Incipio, and instead has decided to sell itself for $196.6M to private equity investor Mill Road Capital. Skullcandy--which says it has terminated its merger agreement with Incipio--said that Mill Road Capital Management will pay $6.35 per share in cash for Skullcandy. Incipio had agreed to pay approximately $177M for Skullcandy in June.