Skullcandy, Inc.Skullcandy, Inc. • July 6th, 2016 • Household audio & video equipment
We are pleased to inform you that, on June 23, 2016, Skullcandy, Inc. (“Skullcandy”) entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Incipio, LLC (“Parent”) and Powder Merger Sub, Inc., a wholly-owned subsidiary of Parent (“Purchaser”). In accordance with the Merger Agreement, Purchaser has commenced on July 6, 2016 a tender offer (the “Offer”) to purchase all of the outstanding shares of our common stock, par value $0.0001 per share (the “Company Shares”), other than any Cancelled Company Shares (as defined below), at a price per Company Share of $5.75, net to the holder thereof in cash, without interest (the “Offer Price”) and subject to any withholding of taxes required by applicable law.
