New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 23, 2014
12:57 EDTZLC, SIGTIG 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
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2014
12:55 EDTSIGSignet Jewelers price target raised to $155 from $135 at Sterne Agee
Subscribe for More Information
09:20 EDTSIGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
07:17 EDTSIGSignet Jewelers reports Q3 net inventories up 62.6% to $2.67B
Net inventories were $2.67B, up 62.6% compared to $1.64B as of the prior year period. The increase was due almost entirely to the acquisition of the Zale division which had inventories of $979.3M.
07:15 EDTSIGSignet Jewelers CEO 'confident' in ability to meet $150M-$175M in synergies
Mark Light, Signet Jewelers CEO, commented, "While Zale SSS declined 0.9%, we remain pleased with the Zale division integration progress. In the short time period since owning Zale, we have been able to implement select initiatives to further the Zale holiday business. We remain confident in our ability to meet our goal of $150M-$175M in cumulative 3-year synergies from January-end 2015 to January-end 2018."
07:08 EDTSIGSignet Jewelers enters into rough diamond supply contract wit DeBeers
Subscribe for More Information
07:05 EDTSIGSignet Jewelers revenue increase driven by Zale division
Subscribe for More Information
07:03 EDTSIGSignet Jewelers sees FY15 adjusted EPS $5.51-$5.61, consensus $5.50
Subscribe for More Information
07:02 EDTSIGSignet Jewelers sees Q4 adjusted EPS $2.95-$3.05, consensus $3.03
Subscribe for More Information
07:01 EDTSIGSignet Jewelers reports Q3 adjusted EPS 21c, consensus 18c
Subscribe for More Information
November 24, 2014
15:20 EDTSIGNotable companies reporting before tomorrow's open
Subscribe for More Information
November 18, 2014
07:31 EDTSIGSignet Jewelers names Daniel Shull as Chief Information Officer
Subscribe for More Information

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