Specialty Retail M&A » By The Online Investor Staff, updated Tue., Apr. 13, 8:39 AM
Recent mergers and acquisitions in the Specialty Retail M&A category.
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Slide #26. Signet Jewelers Limited — Ultra Stores, Inc.
Acquirer:
Signet Jewelers Limited (NYSE:SIG)
Acquiree:
Ultra Stores, Inc.
Details:
Signet Jewelers Limited the largest specialty retail jeweler in the US and UK, announced that it has completed the acquisition of Ultra Stores, Inc. from Crystal Financial LLC and its other stockholders for approximately $57 million in cash (the "Acquisition"). Signet has not assumed any debt with the acquisition. Ultra Stores is a leading jewelry retailer with sales in its most recent fiscal year of approximately $140 million. Ultra operates 102 stores in outlet centers and through 38 other formats, primarily licensed jewelry departments.
Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. operates stores and kiosks in the U.S., U.K. and Canada. Co. has three reportable segments: North America, International and Other. The North America reportable segment operates across the U.S. and Canada. Its U.S. stores operate nationally in malls and off-mall locations. The International reportable segment operates stores in the U.K., Republic of Ireland and Channel Islands. The Other reportable segment consists of non-reportable segments, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
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Avg. Broker Rec.
 
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Hold (2.25 out of 4) 1st percentile
(ranked lower than approx. 99% of all stocks covered)
Analysts' Target Price: SIG Stock Forecast Based on Zacks ABR data; powered by Xignite |
