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DTS to Acquire SRS Labs in Cash-and-Stock Transaction
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DTS to Acquire SRS Labs in Cash-and-Stock Transaction
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23rd April 2012, 06:39
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,462
 |  DTS to Acquire SRS Labs in Cash-and-Stock Transaction DTS, Inc., a leader in high-definition audio, and SRS Labs, Inc., a leader in audio processing and enhancement technologies, today announced that they have entered into a definitive agreement under which DTS will acquire all outstanding shares of SRS Labs in a cash-and-stock transaction valued at $9.50 per share, or a total of approximately $148 million in aggregate equity value, including acquired net cash of approximately $38 million as of December 31, 2011. The consideration represents a premium of 38% per share over SRS Labs' stock price as of the close of trading on April 16, 2012. http://www.techpowerup.com/164527/DT...ansaction.html |
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