Signet: Remains Committed To Acquisition Of Zale At $21.00/shr - Quick Facts

(RTTNews) - Signet Jewelers Limited (SIG, SIG.L) reiterated its commitment to its $21.00 per share purchase price for Zale Corp.'s outstanding common stock. Upon receipt of stockholder approval on May 29, Signet intends to close the deal on the same day.

Mike Barnes, CEO of Signet said, "We are pleased that Institutional Investor Services (ISS) has recommended for our planned acquisition of Zale. Signet remains firmly committed to the transaction at the agreed upon $21.00 per share purchase price. We believe the merger consideration reflects the full and fair value for Zale common stock. We continue to urge all Zale stockholders to vote in favor of the transaction at the Zale special meeting of stockholders on May 29, 2014."