Wednesday, January 9, 2013

Skullcandy Jumps On takeover Speculation

Shares of Skullcandy Inc. (NASDAQ: SKUL) surged as much as 6% in Wednesday's pre-market trading on speculation that the headphone maker could be a takeover target. David King, an analyst for Roth Capital, told Bloomberg the company's management may not be pushing for a sale, but added "you can't ignore" the possibility of a deal "when the stock's trading where it is and the value being as cheap as it is." A Skullcandy spokesperson declined to comment, the Bloomberg report said.

Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers in the United States and to distributors internationally.

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