Turtle Beach rises on board deal with activist investor Donerail

Turtle Beach

16/05/2022 12:54

** Video game equipment maker Turtle Beach Corp's shares
 HEAR.O  up 3.8% at $17.30 premarket
    ** HEAR gives three board seats to activist investor
Donerail Group as part of a settlement with the hedge fund and
other shareholders  urn:newsml:reuters.com:*:nL3N2X82DF
    ** Two incumbent directors and two Donerail designees will
oversee strategic alternatives process
    ** Up to last close, stock had fallen ~25% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))