Turtle Beach Corporation announced a $20 million share repurchase from shareholder Diversis Capital.
The repurchase involves 694,926 shares of common stock at $14.41 per share.
The Donerail Group also acquired 693,962 shares at the same price.
Share Repurchase
Turtle Beach repurchased 694,926 shares of common stock from Diversis Capital.
Donerail Group Acquisition
The Donerail Group acquired 693,962 shares of Turtle Beach common stock from Diversis.
Ownership Percentage
After the transaction, Diversis will own approximately 10% of Turtle Beach's common stock.
- The share repurchase reflects confidence in Turtle Beach's strategy and value creation.
- The transaction aligns with the company's capital allocation priorities and emphasizes belief in business strength.
The share repurchase and acquisition by The Donerail Group signify a positive outlook for Turtle Beach Corporation's future growth and investment opportunities.