Why Are These Five Stocks Trending Today?

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Incipio Acquires Skullcandy

Skullcandy Inc (NASDAQ:SKUL)’s stock has surged over 21% so far today after the company said on Friday that it had agreed to be acquired by Incipio LLC, a global consumer technology solutions platform. Incipio will pay $5.75 per share in cash, or a total of about $177 million for the Utah-based company that markets headphones, earphones, and other accessories. Skullcandy’s CEO Hoby Darling said in a statement that the merger is in the best interest of the company and its shareholders and added that both companies will join hands to amplify their efforts towards more innovation and growth. John W. Rogers’ Ariel Investments is one of the 12 funds from our database that had stakes in Skullcandy Inc (NASDAQ:SKUL) at the end of the first quarter. It has about 2.18 million shares of the company.

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United Continental Strikes Agreement with Flight Attendants

United Continental Holdings Inc (NYSE:UAL) is in the spotlight today after the company reached a tentative agreement with the Association of Flight Attendants to bring about 25,000 flight attendants under a single labor contract. The deal is deemed as a breakthrough after years of employee protests and negotiations. Among the funds we track, 61 funds owned shares of United Continental Holdings Inc (NYSE:UAL) at the end of March, down from 73 a quarter earlier. Paul Reeder and Edward Shapiro’s PAR Capital Management owns around 14.38 million shares of the company.

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Disclosure: None

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