Feb. 21, 2014
/PRNewswire/ -- Levi & Korsinsky has commenced an investigation the Board of Directors of Zale Corporation ("Zale" or "the Company") (NYSE: ZLC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Signet Jewelers Limited (NYSE: SIG).
Click here to learn more:
, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Zale shareholders will receive
in cash for each share of Zale stock they own. The deal has a total approximate value of
. The investigation concerns whether the Zale Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Signet Jewelers is underpaying for Zale shares. Shareholder Golden Gate Capital has already agreed to tender its 22% of Zale shares.
If you own Zale common stock and wish to obtain additional information, please contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510
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