Turtle Beach Corporation (NASDAQ:HEAR) shares surged premarket after announcing the acquisition of Performance Designed Products (PDP) for $118 million and plans for a reverse Dutch tender auction. The acquisition, involving 3.45 million shares and $79.9 million in cash, is expected to boost combined revenues to $390-$410 million in the first 12 months post-acquisition. Turtle Beach also reported Q4 FY23 results with net revenue of $99.5 million, a slight decline from the previous year, and an adjusted EBITDA of $14.0 million. The company anticipates net revenues of $370-$380 million for 2024, driven by the PDP acquisition. Additionally, Turtle Beach plans to launch a Dutch Auction to purchase up to $30 million of its common shares, with the offer price ranging between $13.75 and $15.00 per share.