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Fly News Breaks for June 15, 2016
Jun 15, 2016 | 08:42 EDT
Roth Capital analyst Dave King says Alden's family trust disclosed a confidentiality agreement between Skullcandy and its founder, board member, and largest shareholder, a week after his announcement of his intention to explore an offer to purchase more shares or pursue a going private transaction. King believes Skullcandy could be worth more than $6 in a takeout and sees the company's shares as undervalued even in the absence of such a deal. The analyst reiterates a Buy rating on the stock and raised his price target on the shares to $6 from $5.50.
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