Tuesday, July 19, 2016

Skullcandy, Incipio Deal Clears Antitrust Review

Salt Lake City-based electronics accessory maker Skullcandy is one step closer to becoming part of fellow accessory maker Incipio, after the Federal Trade Commission told the firms that it is granting early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The antitrust review is one of the required regulatory reviews in mergers and acquisitions. Incipio agreed to pay approximately $177M, or $5.75 per share in cash, for Skullcandy, in a deal announced in June.