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Goldman Sachs Weighs In On Shutterfly

By Insider Scoop
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Courtesy of Benzinga.

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Topeka Responds To Shutterfly Buyout Rumor
Benzinga's M&A Chatter for Wednesday July 2, 2014

Bloomberg reported Shutterfly (NASDAQ: SFLY) is working with a Qatalyst Partners to find buyers for the internet publishing service.

Goldman Sachs analyst Heath Terry mentioned the Shutterfly rumor and said there is high interest in digital and photo acquisitions, but is unsure of the demand for acquiring processing plants.

Terry adds similar acquisitions in the sector trade around a multiple of 4x 12-month sales.

Shares of Shutterfly closed at $50.00, up 14.92 percent.

Stock chart: 

Stock chart

Posted-In: Goldman Sachs Heath TerryAnalyst Color News Rumors

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