Zale Stockholders To Vote On Signet Acquisition In May
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.