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Zale Completes Sale of Bailey Banks & Biddle and Announces $200 Million Stock Repurchase Program.

Publication: Business Wire
Publication Date: 12-NOV-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DALLAS -- Zale Corporation (NYSE:ZLC), a leading specialty retailer of fine jewelry in North America, today announced that it has completed the sale of its Bailey Banks & Biddle brand to Finlay Fine Jewelry Corporation for a purchase price of $200 million. The Company expects to realize estimated after-tax proceeds, net of transaction expenses and outstanding payables, of approximately $175...

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