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La-Z-Boy Inc. (LZB) Is Heading Higher After Acquisition

La-Z-Boy Inc. (LZB) announced after the close Tuesday that it has agreed to acquire the license for the La-Z-Boy brand in the United Kingdom and Ireland from Furnico Ltd. The company also announced that it acquired nine La-Z-Boy Furniture Galleries stores from an independent dealer back on November 1. The stock is now up 1.30 on 6K shares.

La-Z-Boy traded in a range for the bulk of Tuesday's session and closed down by 0.20 at $26.00.

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