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NEW YORK (CNNMoney) — Earnings and buyouts were the main talkers on StockTwits Wednesday, with tweets focusing on FedEx, Yahoo and ZAGG.
Shares of FedEx (FDX, Fortune 500) jumped nearly 3% after the shipping company reported fourth-quarter earnings and sales that topped forecasts. FedEx also boosted its forecast for the coming year.
Posted by: jillw in:
Increases brand portfolio, expands product offerings and broadens retail distribution.
Expected to be immediately accretive to earnings per share.
SALT LAKE CITY–(BUSINESS WIRE)–ZAGG Inc. (NASDAQ: ZAGG) (www.ZAGG.com) announced today the acquisition of privately held iFrogz, Inc. (www.iFrogz.com), a leading mobile device accessories company specializing in lifestyle audio products and protective cases, for approximately $105 million.
“This transaction represents an exciting next step in ZAGG’s evolution, and gives us scale within the rapidly growing protective cases and audio products markets by allowing us to immediately broaden our product line and drive the growth of our retail footprint”.