Skullcandy (SKUL) Approves 'Poison Pill' Provision

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Skullcandy (SKUL) Receives Unsolicited Takeover Proposal from Mill Road Capital

June 27, 2016 6:02 AM EDT

Skullcandy, Inc. (NASDAQ: SKUL) announced that on June 24, 2016 Skullcandys board of directors received an unsolicited proposal from Mill Road Capital to acquire all of the outstanding shares of Skullcandy common stock, which proposal was subsequently filed by Mill Road Capital as an exhibit to its Schedule 13D with the Securities and Exchange Commission.

Skullcandy previously announced that it had entered into a merger agreement with Incipio LLC on June 23, 2016 pursuant to which Incipio would acquire all of the outstanding shares of... More