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Signet Jewelers Ltd completes acquisition of Zale Corp

Friday, 30 May 2014 05:40am EDT 

Signet Jewelers Ltd:Announces acquisition of Zale Corp, Delaware corp (Zale) for an aggregate consideration of about $1.46 bln, through merger of Carat Merger Sub, Inc.Carat Merger Sub, Inc, a Delaware corp and wholly owned subsidiary of Signet (Merger Sub), with and into Zale (Merger), pursuant to definitive agreement, dated as of Feb. 19, 2014, by and among Signet, Merger Sub and Zale.Completion of merger, each share of common stock, par value $0.01 per share of Zale issued and outstanding immediately prior to effective time of Merger was cancelled and converted into right to receive $21 per share in cash. 

Company Quote

2.44 +1.92%
18 Dec 2014