Zale Recommends Stockholders Vote In Favor Of Signet Deal - Quick Facts

(RTTNews) - Zale Corp. (ZLC) reiterated its commitment to the pending merger with Signet Jewelers Limited (SIG.L, SIG), under which Zale stockholders would receive $21.00 per share in cash. The company recommended its stockholders vote in favor of the Signet transaction at the May 29, 2014 special meeting of stockholders.

Zale Corp. stated that Signet's $21.00 per share all cash consideration provides certainty of value and eliminates the risks to Zale stockholders of failing to achieve the company's three-year business plan. Since the transaction was announced on February 19, 2014, no other parties have expressed interest in acquiring the company, Zale noted.