Brief: Turtle Beach Announces Acquisition Of PDP And Intention To Launch Reverse Dutch Tender Auction

Turtle Beach

13/03/2024 20:39

March 13 (Reuters) - Turtle Beach Corp  HEAR.O :
    * TURTLE BEACH ANNOUNCES TRANSFORMATIONAL ACQUISITION OF PDP
AND
INTENTION TO LAUNCH REVERSE DUTCH TENDER AUCTION
    * TURTLE BEACH CORP - PROPOSED DEAL FOR ENTERPRISE VALUE FOR
PDP
OF $118 MILLION
    * TURTLE BEACH CORP - COMBINED COMPANY ANTICIPATES TOTAL
REVENUES
OF $390 TO $410 MILLION IN FIRST FULL 12 MONTHS OF OWNERSHIP
    * TURTLE BEACH CORP: INTENT TO LAUNCH MODIFIED DUTCH TENDER
OFFER
TO REPURCHASE UP TO $30 MILLION OF COMMON STOCK BETWEEN RANGE OF
$13.75 - $15.00 PER SHARE
    * TURTLE BEACH CORP: ANNOUNCES APPOINTMENT OF CRIS KEIRN AS
CHIEF
EXECUTIVE OFFICER
    * TURTLE BEACH CORP - EXPECTS 2024 NET REVENUES TO BE IN
RANGE OF
$370 MILLION TO $380 MILLION

Source text for Eikon:  ID:nBw2rXZfJa 
Further company coverage:  HEAR.O 

 ((Reuters.Briefs@thomsonreuters.com;))