 SALT LAKE CITY, Dec. 11, 2020 GLOBE NEWSWIRE -- ZAGG Inc Nasdaq: ZAGG we, us, our, ZAGG, or the Company, a leading global mobile lifestyle company, and a buyer group the Buyer Group led by Evercel, Inc. Evercel, today announced that they have entered into a definitive agreement pursuant to which the Buyer Group will acquire all of the issued and outstanding common stock of the Company for up to 4.45 per share in cash. Stockholders will receive 4.20 per share in cash upon closing and will be entitled to receive an additional contingent amount of up to 0.25 per share, to be paid if the Companys Paycheck Protection Program Loan the PPP Loan is forgiven and any audit related thereto is satisfactorily completed. The transaction is expected to close in the first quarter of 2021. The terms of the agreement, which has been unanimously approved by the Companys Board of Directors, will be submitted for approval of the Companys stockholders. 