HEAR - Turtle Beach: Game On With Performance Designed Products Acquisition
2024-03-15 16:39:55 ET
Summary
- Turtle Beach Corporation shares rise 25% on the release of 2023 results and a substantial acquisition and tender offer.
- The company's history has seen multiple boom-bust cycles in its shares, driven by volatile underlying business performance.
- Turtle Beach expects sales between $370 and $380 million in 2024, driven by the acquisition of PDP and the solid performance of its own business.
Shares of Turtle Beach Corporation (HEAR) have seen a convincing move higher in response to the release of its 2023 results , but moreover on the back of a substantial acquisition and tender offer for the shares, as the overall news flow sent shares 25% higher....
Turtle Beach: Game On With Performance Designed Products Acquisition