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Friday, July 4, 2014

Market Chatter- Corporate finance press digest, (NASDAQ: SFLY)

The following corporate finance-related stories were reported by media: * Online photo-printing service Shutterfly Inc has put itself up for sale and hired boutique investment bank Qatalyst Partners to find a buyer, Bloomberg reported, citing sources.* Sharp Corp is in talks over licensing Taiwanese and Turkish firms to make and sell its home appliances in Europe, a source with knowledge of the discussions said, as it tries to cut costs to counter stagnant sales on the continent.

Shutterfly, Inc. is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories its technology, manufacturing, Web-design and merchandising capabilities. Shares of SFLY fell by 0.42% or $-0.21/share to $49.79. In the past year, the shares have traded as low as $36.30 and as high as $59.93. On average, 952327 shares of SFLY exchange hands on a given day and today's volume is recorded at 1203930.