August 24, 2017 / 10:54 AM / 3 months ago

BRIEF-Signet Jewelers to acquire R2Net

Aug 24 (Reuters) - Signet Jewelers Ltd

* Signet Jewelers to acquire R2Net, owner of jamesallen.com, to accelerate its customer-first omnichannel strategy

* Signet Jewelers Ltd - Deal for ‍$328 million in an all cash transaction.​

* Signet Jewelers Ltd - ‍Anticipates transaction to be accretive in first full year of operations​

* Signet Jewelers - ‍Following deal, R2Net brands will largely operate as independent division of signet, its current leadership team will remain intact​

* Signet Jewelers - Deal ‍will be financed with term loan provided by JPMorgan Chase Bank, N.A., which is expected to be repaid in full by end of fiscal 2018​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below