- The Donerail Group, which owns over 4% of Turtle Beach Corp HEAR, submitted an acquisition offer with a meaningful premium.
- The financial terms of the offer remain undisclosed.
- Turtle Beach's board rejected the offer despite deeming the financing of the acquisition as credible.
- Turtle Beach also refused to negotiate the transaction.
- Price action: HEAR shares traded higher by 2.88% at $28.92 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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