Zebra Technologies Says "We Remain Confident In Our Strategy And Our Ability To Create Value For Our Shareholders. This Short Report Contains Numerous Mischaracterizations And Is Designed For The Sole Purpose Of Negatively Impacting Zebra's Share Price" In Response To Spruce Point Capital Management's Report
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies has responded to a short report by Spruce Point Capital Management, stating that the report contains numerous mischaracterizations aimed at negatively impacting Zebra's share price. Zebra remains confident in its strategy and its ability to create value for shareholders.
August 08, 2024 | 5:34 pm
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Zebra Technologies has issued a rebuttal to a short report by Spruce Point Capital Management, claiming the report is filled with mischaracterizations intended to harm its share price. The company asserts confidence in its strategy and value creation for shareholders.
Zebra Technologies' strong rebuttal to the short report may neutralize the negative impact on its stock price. The company's confidence in its strategy and value creation could reassure investors, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100