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)