Home Consumer Goods Mill Road Capital scoops up Skullcandy for $196.6 million

Mill Road Capital scoops up Skullcandy for $196.6 million

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Greenwich-based Mill Road Capital Management has won a bidding war with mobile accessories company Incipio for headphones manufacturer Skullcandy.

Two Mill Road affiliates will pay $6.35 per share, or $196.6 million, for the Park City, Utah company.

The move trumps a June 24 agreement between the headphones maker and Irvine, Calif.-based Incipio whereby that company would have acquired Skullcandy for about $177 million. As part of the new agreement, Skullcandy will pay Incipio a termination fee of $6.6 million.

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