Brief: Turtle Beach Provides Update On Its Review Of Strategic Alternatives

Turtle Beach

08/08/2022 23:35

Turtle Beach Corp  HEAR.O :
    * TURTLE BEACH PROVIDES UPDATE ON ITS REVIEW OF STRATEGIC
ALTERNATIVES
    * TURTLE BEACH CORP - STRATEGIC COMMITTEE HAS DETERMINED TO
CONCLUDE PROACTIVE OUTREACH TO POTENTIAL BUYERS
    * TURTLE BEACH CORP - STRATEGIC COMMITTEE WILL CONTINUE TO
EVALUATE STRATEGIC OPPORTUNITIES
    * TURTLE BEACH CORP - STRATEGIC COMMITTEE RECEIVED ROBUST
INTEREST
FROM MULTIPLE STRATEGIC PARTIES
    * TURTLE BEACH CORP - DUE TO A NUMBER OF FACTORS PARTIES
WERE
ULTIMATELY NOT IN A POSITION TO MOVE FORWARD WITH AN ACQUISITION
AT THIS TIME
    * TURTLE BEACH - WHILE SEVERAL FINANCIAL PARTIES SUBMITTED
PRELIMINARY INDICATIONS OF INTEREST TO ACQUIRE CO, IN LIGHT OF
FACTORS, THEY DECLINED TO MOVE FORWARD

Source text for Eikon:  ID:nBw3Fvrf7a 
Further company coverage:  HEAR.O