Stockholders Approve ZAGG’s Definitive Agreement to be Acquired by Group Led by Evercel
ZAGG Inc (Nasdaq: ZAGG) has announced that more than 56% of its stockholders voted in favor of a merger agreement with a buyer group led by Evercel, Inc. at a special meeting on February 18, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
ZAGG Inc (Nasdaq: ZAGG) has announced that more than 56% of its stockholders voted in favor of a merger agreement with a buyer group led by Evercel, Inc. at a special meeting on February 18, 2021. The merger is set to close on or around February 22, 2021, marking a significant step in ZAGG's acquisition process. This move aims to reshape ZAGG's operational capabilities and enhance its competitive position in the global mobile lifestyle market.
Positive
- More than 56% of stockholders voted in favor of the merger, indicating strong support.
- The merger with Evercel is expected to enhance ZAGG's operational capabilities.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SALT LAKE CITY, Feb. 18, 2021 (GLOBE NEWSWIRE) -- ZAGG Inc (Nasdaq: ZAGG) (“we,” “us,” “our,” “ZAGG,” or the “Company”), a leading global mobile lifestyle company, today announced that its stockholders voted to adopt the previously announced definitive merger agreement in which ZAGG will be acquired by a buyer group led by Evercel, Inc. (“Evercel”) at its special meeting of stockholders held earlier today. At the special meeting, ZAGG stockholders adopted the merger agreement with more than
About ZAGG Inc
ZAGG Inc (NASDAQ: ZAGG) is a global leader in accessories and technologies that empower mobile lifestyles. The Company has an award-winning product portfolio that includes screen protection, mobile keyboards, power management solutions, social tech, and personal audio sold under the ZAGG®, mophie®, InvisibleShield®, IFROGZ®, Gear4®, and HALO® brands. ZAGG has operations in the United States, Ireland, and China. ZAGG products are available worldwide, and can be found at leading retailers including Best Buy, Verizon, AT&T, Sprint, T-Mobile, Walmart, Target, and Amazon.com. For more information, please visit the Company's website at www.ZAGG.com and follow us on Facebook, Twitter, and Instagram.
About Evercel, Inc.
Evercel, Inc. (OTCMKTS: EVRC) is a holding company that brings an entrepreneurial approach to acquiring and managing business through a hands-on, data-driven approach to partnering with strong management teams for long term results.
CONTACT:
Investor Relations:
ICR Inc.
Brendon Frey
203-682-8216
brendon.frey@icrinc.com
Company:
ZAGG Inc
Jeff DuBois
801-506-7336
jeff.dubois@ZAGG.com
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