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Stock Market & Financial Investment News

News Breaks
May 23, 2014
12:57 EDTSIG, ZLCTIG Advisors files definitive proxy materials to oppose Zale merger with Signet
TIG Advisors, a stockholder of Zale Corporation (ZLC), owning approximately 9.5% of its outstanding shares of common stock, today filed definitive proxy materials with the SEC in connection with the special meeting of Zale stockholders scheduled for May 29 to consider the proposed merger of Zale with Signet (SIG) for $21 per share in cash. TIG Advisors urges all shareholders to join it in voting AGAINST Signetís inadequate $21 per share offer for Zale. "Our public filings with the SEC detail the many flaws in the valuation of Zale and the negotiation of the agreement, that led us to oppose the transaction, including: Proposed merger consideration is inadequate and below the standalone value of Zale; Use of an inappropriate share price benchmark to value the transaction, at a time when Managementís projections for the company were not known to investors; Potential conflicts of interest with Golden Gate Capital as a result of the inclusion of Golden Gateís representative on the negotiation committee."
News For ZLC;SIG From The Last 14 Days
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June 25, 2015
06:57 EDTSIGSignet Jewelers weakness a buying opportunity, says Nomura
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05:44 EDTSIGSignet Jewelers pullback a buying opportunity, says Nomura
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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.
June 20, 2015
16:25 EDTSIGSignet Jewelers to host investor meeting
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