SRS Labs Inc. (SRSL) announced Tuesday morning that it entered into a definitive agreement to be acquired by DTS Inc. (DTSI) in a cash-and-stock transaction valued at $9.50 per share, or a total of approximately $148 million.
SRS Labs gapped open dramatically higher Tuesday, but traded in a narrow range throughout the session. The stock closed up by 2.53 at $9.39 on the highest volume of the year. SRS Labs jumped to over an 8 1/2 month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.