Specialty Retail M&A » By The Online Investor Staff, updated Wed., Jan. 20, 2:40 AM
Recent mergers and acquisitions in the Specialty Retail M&A category.
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Slide #27. Signet Jewelers Ltd. — Ultra Stores, Inc.
Acquirer:
Signet Jewelers Ltd. (NYSE:SIG)
Acquiree:
Ultra Stores, Inc.
Details:
Signet Jewelers Ltd. the largest specialty retail jeweler in the US and UK, announced that it has signed a definitive agreement to acquire Ultra Stores, Inc. from Crystal Financial LLC. and its other stockholders for approximately $57 million in cash. Signet will not assume any debt in connection with the acquisition. Founded in 1991, Ultra Stores is a leading jewelry retailer operating primarily in outlet centers, as well as licensed jewelry departments.
Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. operates retail jewelry stores in a variety of real estate formats including mall-based, free-standing, strip center and outlet store locations. Co. has three reportable segments: North America, which operates a variety of mall-based regional banners, including Gordon's Jewelers in the U.S. and Mappins Jewellers in Canada, and JamesAllen.com; International, in which its stores operate in shopping malls and off-mall locations under the H.Samuel and Ernest Jones banners; and Other, which includes 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) 4th percentile
(ranked lower than approx. 96% of all stocks covered)
Analysts' Target Price: SIG Stock Forecast Based on Zacks ABR data; powered by Xignite |
