Gaming Co. Turtle Beach Adds Board Seats, Explores Sale – Law360

By Charlie Innis (May 16, 2022, 2:27 PM EDT) — Turtle Beach Corp., a video gaming accessories maker, said Monday it will work with activist investor The Donerail Group and other stockholders to refresh the company’s board of directors and review potential buyers of the business, with help from three law firms.

Orrick Herrington & Sutcliffe LLP and Vinson & Elkins LLP are advising Turtle Beach, and Olshan Frome Wolosky LLP is guiding Donerail.

Turtle Beach said it reached a deal with Donerail, SCW Capital Management and other stockholders to bring on three new directors to the company’s board from Donerail’s slate of nominees.

Together, they will weigh bids from different…

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Source: https://www.law360.com/mergersacquisitions/articles/1493557/gaming-co-turtle-beach-adds-board-seats-explores-sale

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