New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:05 EDTZLC, SIGSignet reiterates commitment to $21.00 per share purchase price for Zale
Signet Jewelers (SIG) reiterated its commitment to its $21.00 per share purchase price for Zale Corporation's (ZLC) outstanding common stock as set forth in the merger agreement between the two companies. Signet CEO Mike Barnes stated, "We are pleased that Institutional Investor Services has recommended for our planned acquisition of Zale. Signet remains firmly committed to the transaction at the agreed upon $21.00 per share purchase price. We believe the merger consideration reflects the full and fair value for Zale common stock based on our extensive due diligence on the company and our detailed understanding of the risks and challenges associated with, and additional substantial investment required for, Zale to continue to deliver improved results relative to its history both in the near and long term. We continue to urge all Zale stockholders to vote in favor of the transaction at the Zale special meeting of stockholders on May 29, 2014." Signet notes that there are significant risks and challenges associated with Zale remaining an independent company and that no other party has expressed interest or come forward to propose an alternative acquisition of Zale.
News For ZLC;SIG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 25, 2015
06:57 EDTSIGSignet Jewelers weakness a buying opportunity, says Nomura
Subscribe for More Information
05:44 EDTSIGSignet Jewelers pullback a buying opportunity, says Nomura
Subscribe for More Information
June 24, 2015
08:54 EDTSIGSignet Jewelers repeats Q2 adjusted EPS view $1.11-$1.16, consensus $1.15
Sees Q2 SSS up 2%-3%. Sees FY16 CapEx $275M-$325M, effective tax rate 28%-29%, net selling square footage growth 2%-3%. Says company's biggest opportunities for market share remain in the U.s. Sees $150M-$175M in cumulative 3-year operating profit synergies by end of January 2018. Says majority of synergies will be achieved by Zale division. By end of FY18, says Zale division expected to be at 9% operating margin. Says synergies alone will help achieve medium-term operating margin milestone. Comments from slides that will be presented at the company's Institutional Investor Conference.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use