Mill Road Eyeing Skullcandy (SKUL) Takeover; Robert W. Baird Sees Upside In Methode Electronics (MEI)


Shares of Skullcandy, Inc. (Nasdaq:SKUL) soared $1.08 (or +23.08%) to $5.76 on Friday’s trading session after the audio-tech developer agreed to be acquired by Incipio LLC for $5.75 per share in cash

Mill Road Capital II, L.P. disclosed after the closing bell in a regulatory filing ( SC 13D ) with the U.S. Securities and Exchange Commission (SEC) a 9.8%  stake (or 2,805,320 shares) in the company. According to the SEC filing, the private investment firm sent a letter to Skullcandy’s chairman with an offer to acquire it for $6.05 per share

Skullcandy, which designs, markets, and distributes audio and gaming products under the Skullcandy and Astro Gaming brands, has 28.63M Shares Outstanding, Market Capitalization (intraday) of $164.89M and SKUL stock 52-week range is from $2.75 to $8.27 per share



Investment analysts at Robert W. Baird upgraded Methode Electronics, Inc. (NYSE:MEI) stock and boosted their price target from $35.00 to $45.00

MEI stock closed at $31.94, down -$0.04 (or -0.13%) with a total volume of 843,290 shares traded on Friday, representing a large increase in activity compared with its average volume (3m) of 269,028

Methode Electronics, which designs, manufactures, and markets components and subsystem devices, has 36.91M Shares Outstanding, Market Capitalization (intraday) of $1.18B and MEI stock one-year range is between $22.72 and $37.25 per share


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