October 1, 2014 / 10:09 PM / 3 years ago

Starboard offers to take RealD private for $12/share

Oct 1 (Reuters) - Activist investor Starboard Value LP said it proposed to acquire 3D technology licensor RealD Inc for $12 per share.

The offer price represents a premium of about 29 percent to RealD stock's Wednesday close of $9.27 and values the company at about $540 million. (1.usa.gov/1rMY8tq)

Starboard is the third-largest stakeholder in the company with a 9.9 percent stake.

RealD's shares were up 19 percent in extended trading. (Reporting by Anya George Tharakan in Bangalore; Editing by Sriraj Kalluvila)

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