1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
Livedrive Riles UK Customers by Abruptly Terminating Services
Livedrive Riles UK Customers by Abruptly Terminating Services
Bank of America Asks Judge to Throw Out Jury Verdict in Fraud Case
Bank of America Asks Judge to Throw Out Jury Verdict in Fraud Case
Dykema Grabs Product Liability Superstar
Dykema Grabs Product Liability Superstar
Graduates of Iowa Law Schools May Not Have to Take Bar Exam
Graduates of Iowa Law Schools May Not Have to Take Bar Exam
Job Listings

Signet to Acquire Retail Jeweler Zale Corporation

The largest specialty retail jeweler in the US and the UK, Signet Jewelers, and Zale Corp., another fine jewelry retailer in North America, have entered into an agreement for Signet to acquire all of the issued and outstanding stock of Zale for $21 per share in cash consideration. This transaction brings together two of today’s leading jewelry retailers. Zale Corp. has 1,680 retail locations in the US, Canada and Puerto Rico. Its brands include Zales Jewelers, Zales Outlet, Gordon’s Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Forbes has reported that the deal is estimated to have an enterprise value of $1.4 billion. It has also been reported that this merger will create a $6.2 billion firm.

Mike Barnes, Signet’s Chief Executive Officer, stated that “This transformational acquisition further diversifies our businesses and extends our international footprint, opening the door to greater growth and innovation across the enterprise.” Zale CEO, Theo Killion, reported that “Having successfully completed our multi-year turnaround program to return to profitability, Signet’s operating strengths will enable us to accelerate Zale’s performance improvement for the benefit of our current and future guests,” according to Market Watch.

The purchase marks the biggest acquisition yet for Signet, reported Bloomberg News, which also shared that investor’s, applauded the deal and Signet’s stock up is 17 percent to $92.79. The transaction is subject to Zale stockholder approval, certain regulatory approvals as well as customary closing conditions.

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


For information on employment opportunities with Signet, readers can click here.

Image Credit: www.usatoday.com

Signet to Acquire Retail Jeweler Zale Corporation by

Tagged: ,

Jaan Posted by on February 19, 2014. Filed under Business News,Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...