Thursday, August 25, 2016
Incipio Dumped At Altar By Skullcandy
Irvine-based electronics accessories maker Incipio has been dumped at the altar by Skullcandy, as the companies were about to finalize their acquisition deal, first announced back in June. Incipio--which was about to consummate the deal with Skullcandy, having recently passed antirust review of the acquisition--had offered up approximately $177M for Skullcandy in June. Instead, Skullcandy says it is selling itself to Mill Road Capital, a private equity investor, which says it will pay $6.35 per share in cash, or approximately $196.6M, for the company.