Specialty Retail M&A » By The Online Investor Staff, updated Sat., Mar. 25, 12:47 PM
Recent mergers and acquisitions in the Specialty Retail M&A category.
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Slide #5. Signet Jewelers Limited — Zale Corporation
Acquirer:
Signet Jewelers Limited (SIG)
Acquiree:
Zale Corporation (ZLC)
Details:
Signet Jewelers Limited ("Signet") (NYSE: SIG) (LSE: SIG), the largest specialty retail jeweler in the US and the UK, and Zale Corporation ("Zale") (NYSE: ZLC), a leading specialty retailer of fine jewelry in North America, today announced that they have entered into a definitive agreement for Signet to acquire all of the issued and outstanding stock of Zale for $21.00 per share in cash consideration.
Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. manages its business as 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. Its stores operate in shopping malls and off-mall locations (i.e. high street). The Other reportable segment consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
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Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. manages its business as 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. Its stores operate in shopping malls and off-mall locations (i.e. high street). The Other reportable segment consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
SIG SEC Filing Email Alerts Service
Open the ZLC Page at The Online Investor »
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