Thursday, October 2, 2014

RealD Gets Go Private Offer From Starboard

Los Angeles-based 3D theater technology provider RealD has received an offer from one of its shareholders, activist investor Starboard Value LP, to take the company private for $12.00 per share. The offer is roughly 29 percent more than RealD's trading price as of Wednesday. In a statement released to the press, REalD said it will "carefully review and consider" the unsolicited bid from Starboard. The bid is valued at around $540M. Starboard is a well known, activist investor, and is the company which is urging Yahoo to merge with AOL.