Lifetouch purchase brings immediate benefits to Shutterfly
Shutterfly shares jumped nearly 20% last night on the news the leading photo-personalization company was buying the billion-dollar company in the school photography space, Lifetouch National School Studios for $825 million, as well as the report the company beat its fourth-quarter forecasts. The deal includes Lifetouch’s school business, as well as it’s ancillary businesses of church directories, preschool photography, JC Penney retail...
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