Signet Jewelers Finalizes Acquisition of Zale Corp

Signet will pay Zale shareholders $21 per share, and assume around $500 million of debt.

Signet Jewelers announced the finalization of its acquisition of Zale Corp for a total of around $1.46 billion.
 
Signet Jewelers is the largest specialty jewelry retailer in the US and UK. Signet's US division operates over 1,400 stores in all 50 states primarily under the name brands of Kay Jewelers and Jared The Galleria Of Jewelry. Signet's UK division operates approximately 500 stores primarily under the name brands of H.Samuel and Ernest Jones.

Zale Corp operates approximately 1,680 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale’s brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda.