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AREX Demands Update on Strategic Alternatives from ZAGG, Inc. Board of Directors; AREX: A sale of ZAGG is the best outcome for all shareholders on a risk-adjusted basis

Feb 07, 2020 - PR Newswire

PR Newswire

AREX Capital Management, LP ("AREX"), which manages funds that collectively own 7.5% of the common stock of ZAGG, Inc. (NASDAQ: ZAGG) ("ZAGG" or the "Company") today released a letter delivered to the Board of Directors of ZAGG in which AREX demanded that ZAGG's Board of Directors provide shareholders with an update on the strategic alternatives process the Company announced six months ago. AREX emphasized that a sale of ZAGG is the best outcome for all shareholders on a risk-...