New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:05 EDTSIG, ZLCSignet 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.
There are no results for ZLC;SIG

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use