Audiovox Buying Klipsch Group

Audiovox Corporation (NASDAQ:VOXX) has announced an agreement to buy out all the shares of Klipsch Group. The transaction is subject to certain contingencies such as the completion of due diligence and negotiation. We’re hoping that Audiovox will allow Klipsch to keep running independently since they make some pretty nice headphones. [AudioVox PR]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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