HEAR - Turtle Beach: Starting On A Solid Note With PDP
2024-05-28 15:07:39 ET
Summary
- Turtle Beach, an iconic game accessory manufacturer, announced a transformative deal in March.
- The acquisition is set to bring cost synergies of $11 million and potential revenue synergies.
- After a solid first quarter, the initial signs look good, but more work and confirmation is welcomed before reconsidering a neutral stance here.
When Turtle Beach Corporation ( HEAR ) announced the acquisition of Performance Designed Products in mid-March, I believed it was game on. Shares had risen some 25% on the back of this announcement, on the back of a tender offer announced, as well as the release of quarterly results....
Turtle Beach: Starting On A Solid Note With PDP