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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:43 EDTSIG, ZLCZale sends letter to TIG Advisors
Zale Corporation (ZLC) sent a letter to TIG Advisors responding to the numerous inaccuracies and misrepresentations put forth by TIG with respect to the proposed transaction with Signet Jewelers Limited (SIG), under which Zale stockholders will receive $21.00 cash per share consideration. Zale Chairman Terry Burman says "On behalf of Zale and its Board of Directors, I am writing in response to the presentations and letters you have issued regarding the Company’s pending transaction with Signet Jewelers Limited. We welcome your viewpoints and opinions, as we do with all other Zale stockholders; however, our Board believes that the Signet transaction, which was the outcome of a thorough and comprehensive process and extensive negotiations with Signet, is in the best interests of the Company’s stockholders as it provides a substantial premium, certain and immediate liquidity and compelling value to all Zale stockholders. As such, the Board has unanimously approved the transaction with Signet. We are taking this opportunity to set the record straight on the numerous inaccuracies and misrepresentations asserted by TIG Advisors, LLC in its recent communications, which exemplify TIG’s approach to this investment as short-term opportunists who are clearly ignoring the risks they are imposing on Zale’s long-term stockholders. The Board determined that the $21.00 cash per share consideration represents immediate and certain value for the company’s stockholders, providing a compelling present value for achieving the EBITDA targets in the company’s three-year business plan, while also eliminating the risk to Zale stockholders of failing to achieve those targets."
News For ZLC;SIG From The Last 14 Days
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November 25, 2015
09:36 EDTSIGSignet Jewelers Q3 miss provides a buying opportunity, says Goldman
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09:32 EDTSIGSignet Jewelers well positioned for holiday, says Cowen
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08:13 EDTSIGSignet Jewelers weakness creates buying opportunity, says RBC Capital
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07:21 EDTSIGSignet margin headwinds should be less pronounced this quarter, says Stephens
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November 24, 2015
12:41 EDTSIGSignet Jewelers management to meet with Buckingham
Meeting to be held in Chicago on December 1 hosted by Buckingham.
10:06 EDTSIGHigh option volume stocks
High option volume stocks: BDBD UNXL NVS SEDG BLOX GPRE SIG BPL TIF DY
09:24 EDTSIGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Baozun (BZUN), up 7.3%... Analog Devices (ADI), up 4.3%. ALSO HIGHER: Boulder Brands (BDBD), up 8.4% after Pinnacle Foods (PF) announced that it will acquire the company for $11.00 per share... Sunedison (SUNE), up 18% after the Economic Times reported that the company plans place 400MW of upcoming solar capacity on sale... Avon Products (AVP), up 7.5% after being upgraded to Buy from Neutral at Citi... Valeant (VRX), up 2.1% after Pershing Square increases stake in the company to 9.9%... Xerox (XRX), up 2.3% after Carl Icahn reported a 7.13% stake in the company. DOWN AFTER EARNINGS: Signet Jewelers (SIG), down 6.2%... Tiffany (TIF), down 2.9%... Brocade Communications (BRCD), down 7.2%. ALSO LOWER: UniPixel (UNXL), down 44.6% after the company prices a common stock and warrant offering... U.S. Steel (X), down 4% after announcing that it will idle its Granite City Works operations.
06:59 EDTSIGSignet Jewelers sees FY16 CapEx $260M-$280M, net synergies $30M-$35M
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06:58 EDTSIGSignet Jewelers sees Q4 adjusted EPS $3.40-$3.60, consensus $3.59
Sees Q4 SSS up 3.5%-5%.
06:58 EDTSIGSignet Jewelers reports Q3 adjusted EPS 33c, consensus 39c
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November 23, 2015
15:28 EDTSIGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Analog Devices (ADI), consensus 83c... Hormel Foods (HRL), consensus 69c... Dollar Tree (DLTR), consensus 53c... Campbell Soup (CPB), consensus 76c... Signet Jewelers (SIG), consensus 39c... Tiffany (TIF), consensus 75c... Valspar (VAL), consensus $1.31... Patterson Companies (PDCO), consensus 60c... Eaton Vance (EV), consensus 59c...Burlington Stores (BURL), consensus 23c... Cracker Barrel (CBRL), consensus $1.59.
13:18 EDTSIGSignet Jewelers volatility elevated into Q3 and outlook
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10:17 EDTSIGHigh option volume stocks
High option volume stocks: TRQ SIG XRT NXST NGD PSTG GME ONTY ADI JEC
November 18, 2015
07:59 EDTSIGSignet Jewelers should be bought heading into earnings, says Cowen
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