Actually I was researching LOGI right now to see if this was really a possibility and guess what, LOGI is based in Switzerland. So yes it makes alot of sense the rumor would originate from there since there are far more Swiss watching LOGI than there is anyone watching ZAGG imo lol.
They have a Swiss holding company that owns intangible assets. In other words, a tax planning device. Logitech's 10-K shows no owned or leased Swiss property. I am sure they have a post-office box and an attorney/registered office there but aside from selling mice and keyboards that is it.
Stated my point incorrectly. Logitech is a California headquartered company incorporated in Switzerland. There are no significant operations in Switzerland. If they are in negotiations to acquire Zagg, the source of the rumor would be anywhere but Switzerland.
Anyone who is long Zagg should take a look at the Dow/S&P/Nasdaq chart for the day, and feel EXTREMELY BLESSED that they survived the massacre that just took place. Its always sad to see gains go, but I'd rather miss out on potential gains than lose the ones I've already made.