Turtle Beach Corporation announced a $20 million share repurchase from shareholder Diversis Capital.
The repurchase involved 694,926 shares of common stock at $14.41 per share.
The Donerail Group also acquired 693,962 shares of Turtle Beach common stock from Diversis at the same purchase price.
Share Repurchase Details
694,926 shares repurchased at $14.41 per share.
Donerail Group Acquisition
Donerail acquired 693,962 shares at the same price.
Capital Allocation Priorities
Transaction aligns with Turtle Beach's capital allocation priorities.
- The transaction underscores confidence in Turtle Beach's strategy and value creation.
- It enhances shareholder alignment and ownership stability.
The share repurchase and acquisition demonstrate Turtle Beach's commitment to shareholder value and long-term growth.