Starboard offers to take RealD private for $12 per share

Jeff Smith, CEO of Starboard Value, L.P., speaks at a panel discussion at the SALT conference in Las Vegas(Reuters) – Activist investor Starboard Value LP said on Wednesday it had offered to acquire the remaining shares in RealD Inc RLD.N after raising its stake in the 3D technology licensor. Starboard offered $ 12 per share in cash, a premium of 29 percent to RealD stock price as of Wednesday close, valuing the company at about $ 540 million. RealD said in an emailed statement that it would review the offer. RealD's shares rose as much as 26.7 percent in extended trading. …

Tech News Headlines – Yahoo News

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