Morgan & Morgan Announces the Investigation of Zale Corporation
NEW YORK, Feb. 19, 2014 /PRNewswire/ -- Morgan & Morgan announces that it is investigating the Board of Directors of Zale Corporation ("Zale" or the "Company") (NYSE: ZLC) for potential breaches of fiduciary duties in connection with the sale of the Company to Signet for approximately $690 million. The Company's stockholders will receive $21 per share for each share of Zale common stock they own.
If you own shares of Zale Corporation and want more information about the Zale Takeover Investigation please contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
Our investigation concerns possible breaches of fiduciary duty and other violations of law by Zale's Board of Directors for not acting in the best interest of the Company's shareholders in connection with the sale process.
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SOURCE Morgan & Morgan