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National Financial Partners Corp. Message Board

lookingandbrowsing 1 post  |  Last Activity: Jun 24, 2016 12:36 PM Member since: Jun 24, 2016
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  • fyi....

    New York, New York/June 24, 2016 - Tripp Levy PLLC, a leading shareholder rights law firm, announces that it is representing shareholders of Skullcandy, Inc. Skullcandy, and Incipio LLC, announced today that they have entered into a definitive merger agreement pursuant to which Incipio has agreed to acquire Skullcandy. Under the terms of the definitive merger agreement, Incipio will pay $5.75 per share in cash, or a total of approximately $177 million.

    The price of only $5.75 per share grossly undervalues the true going forward inherent value of the company and shareholders are not receiving the maximum value for their shares. Indeed, the company has no long term debt and over $50 million of cash, the book value alone of the company is worth at least $5.45 per share, and the stock hit a high over over $8 this past year and analysts project a true value of at least $7 per share. Further, senior management all received new employment agreements for their own self interests in agreeing to sell the company for this unfairly low price.

    If you are a shareholder of Skullcandy and would like additional information regarding this matter including how your shares can be eligible for a higher price at no cost or expense please contact us at 800.511.7037 or visit our website at tripplevy

    Tripp Levy has assisted in the recovery of billions of dollars for shareholders around the globe.