Moelis & Company shares rise 1.05% after-hours following Zebra Technologies' $1.3 billion acquisition of Elo Touch Solutions.

Moelis & Company rose 1.05% in after-hours trading, following the announcement that Zebra Technologies Corporation (NASDAQ: ZBRA) has entered into a definitive agreement to acquire Elo Touch Solutions, Inc. for $1.3 billion in cash. The acquisition is expected to expand Zebra's portfolio and accelerate its growth in various markets, which could be seen as a positive development for the financial advisory firm Moelis & Company, potentially leading to increased business opportunities.