Vivian D. Labbe
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Vivian D. Labbe in Mergers & Acquisitions,

Clock Is Ticking On Incipio's Offer To Skullcandy, Board Advises Shareholders To Take It

Skullcandy Inc's  Board continues to recommend that shareholders accept Incipio's offer and tender shares. The offer expires on August 17.

DA Davidson reiterated its Neutral rating and $6.10 price target on the stock.

For the second quarter, Skullcandy reported revenue and EPS of $57.3 million and $(0.05), compared to consensus expectations of $56.7 million and $(0.04).

The brokerage expects 2016 and 2017 revenue and EPS of $283.1 million and $0.24, and $305.8 million and $0.29, respectively.

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