The vote on Zale’s acquisition of Signet is set for Thursday. Given the repeated attacks on the buyout from 9.5 percent shareholder TIG advisors, I have no idea how it will go. But what’s fascinating is watching a subtle change in how the buyout has been portrayed. When it was first announced, we kept hearing how well Zale was doing, how successful its turnaround has been. That was the rationale for keeping Theo Killion and his team. But the dissident shareholders seized on that and used it… …read more

Source: JCK Online Cutting Remarks – Diamond Industry News – Rob Bates