Harwood Feffer LLP Announces Investigation of Skullcandy, Inc.

NEW YORK, June 24, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Skullcandy, Inc. ("Skullcandy" or the "Company") (NASDAQ: SKUL) concerning the proposed acquisition of the Company by Incipio, LLC ("Incipio").

Under the terms of the offer, Incipio would acquire Skullcandy in a transaction valued at approximately $177 million. Pursuant to the deal, Skullcandy stockholders will be offered $5.75 per share in cash. At least one Wall Street analyst has set a target price for Skullcandy stock of $7.00 per share. 

Our investigation concerns whether the Skullcandy board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Skullcandy shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com 
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP