ZAGG, Inc. (ZAGG) Misses Q4 EPS by 7c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

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Go back to ZAGG, Inc. (ZAGG) Misses Q4 EPS by 7c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

ZAGG, Inc. (ZAGG) Board Concludes Strategic Review Process, Focuses on Strategic Plan

March 11, 2020 4:21 PM EDT

ZAGG Inc (Nasdaq: ZAGG) (the Company), a leading global mobile lifestyle company, today announced that its Board of Directors (the Board) suspended its review of strategic alternatives, which was first publicly announced on August 6, 2019. Despite a thorough and rigorous process conducted by the Board with BofA Securities assistance, during which time the Company reached out to over 60 strategic and financial parties, the Company was unable to finalize a definitive offer at a price that was not significantly below the current trading levels. The Board determined that stockholder value would be better enhanced on a... More