Zale Stock­hold­ers To Vote On Signet Ac­qui­si­tion In May

Solitaire - - SPECTRUM -

Amer­i­can jew­ellery re­tail chain Zale Cor­po­ra­tion has set a date for a spe­cial meet­ing of its stock­hold­ers to con­sider and vote on the pre­vi­ously an­nounced pro­posed ac­qui­si­tion of the com­pany by Signet Jewel­ers Limited and cer­tain other mat­ters. The spe­cial meet­ing will be held on May 29, 2014, at the com­pany’s prin­ci­pal ex­ec­u­tive of­fices, in Texas.

Zale stock­hold­ers on record as of the close of busi­ness on April 30, 2014, will be en­ti­tled to vote at the spe­cial meet­ing. The pro­posed ac­qui­si­tion is sub­ject to ap­proval by Zale’s stock­hold­ers and cer­tain other cus­tom­ary clos­ing con­di­tions.

On April 7, Signet and and Zale an­nounced the ex­pi­ra­tion of the wait­ing pe­riod un­der the Hart-Scott-Rodino An­titrust Im­prove­ments Act of 1976 (HSR Act), as amended, in con­nec­tion with the ac­qui­si­tion.

The ex­pi­ra­tion of the HSR Act wait­ing pe­riod sat­is­fies one of the con­di­tions to the clos­ing of the pro­posed ac­qui­si­tion.

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