With TIG Advisors sending out almost-daily missives expressing opposition to Signet’s deal for Zale, it is clear that the purchase now faces a rockier road than it had in the past. The smart money still thinks that it will go through in at least some form; even TIG says it doesn’t oppose the acquisition, it just thinks it undervalues the company. (Its first presentation was titled “Right Deal, but the Wrong Price.”) But it’s worth looking at this in a larger context: These pre-deal headaches may… …read more

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