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Market Chatter: ZAGG Rallies On Report of Bidding War for Co

8:57PM ET 8/21/2019 MT Newswires
ZAGG Inc (ZAGG) added another 3% in extended trade to its more than 12.5% gain in the regular session after the NY Post said a bidding war for the company has emerged.

The company has secured confidentiality agreements from two potential buyers to look at its financials, two sources told the NY Post. One bidder is Acco Brands (ACCO) and the other is an undisclosed private equity firm that said it was willing to pay as much as $9 per share, the story said.

Zagg hopes to conclude this process by November, the story said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 6.53, Change: +0.20, Percent Change: +3.16