Turtle Beach Refuses Takeover Offer From Donerail Group

July 19, 2021 12:42 PM | 23 seconds read | Make a Comment

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.

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