$285 million in cash to shareholders at $1.14 a share, with roughly 10 percent retained and about $92 million of GoPro debt repaid at closing. The company stays on Nasdaq, with the deal due to clos…
Starman Optical was incorporated in Delaware on 31 August, the day before the announcement. Its parent, Starman Holding, owns phone-case brands including Incase, Incipio, Griffin and Survivor.
The transceiver plan rests on a Warren, New Jersey facility still under renovation, designs licensed rather than developed in-house, and a $150 million investment with state incentives approved in…
GoPro shares traded as high as $1.58 after the announcement, above the $1.14 on offer, which suggests the market is pricing the retained 10 percent rather than the cash.
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