With two weeks to go before its shareholders consider its proposed sale to Signet Jewelers Ltd., Zale Corp. Thursday shot back at a shareholder opposing its acquisition by Signet, saying the $1.4 billion takeover “provides compelling and immediate value” to its stockholders.
TIG Advisors LLC, which owns 9.5 percent of Zale’s outstanding stock, on Monday came out against the $21-a-share cash transaction and called it “grossly unfair” based on Zale’s projected growth trajectory. TIG said it would vote its shares against the deal at a special meeting of Zale shareholders to consider the proposed merger on May 29 and urged fellow shareholders to do the same or abstain from voting.
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)