Facebook Inc. (NASDAQ:FB) stunning $US19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd surging after the closing bell on Wednesday, as investors were cheered by the lofty valuation for the messaging platform. Facebook Inc. (NASDAQ:FB) stock opened at $67.05in last session, and closed at $68.06, while the day range of Facebook Inc. (NASDAQ:FB) stock is $67.00 – 69.08. The stock showed a positive weekly performance of 4.95%.
Levi & Korsinsky has commenced an investigation the Board of Directors of Zale Corporation (NYSE:ZLC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Signet Jewelers Limited (NYSE: SIG). Zale Corporation (NYSE:ZLC) stock opened at $20.87, in last session and closed at $20.92 by losing 40.31%. The 52 week range of $3.76 – $20.96. Company’s market capitalization is $684.84M.
Signet Jewelers Ltd. (NYSE:SIG) owner of Jared the Galleria with its “He went to Jared” slogan and Kay Jeweler with its “Every Kiss Begins with Kay” ads, agreed to buy Zale for roughly $900 million. Signet Jewelers Ltd. (NYSE:SIG) stock increased18.14% and finished the last session at $93.65. The EPS of the stock remained 4.50. Company’s market capitalization is $7.48B.
Safeway Inc. (NYSE:SWY) is in acquisition talks to sell itself, the company announced. Cerberus Capital Management LP, which owns large grocery store chains, is involved in the acquisition talks, according to Reuters. Safeway Inc. (NYSE:SWY) stock opened the session at $34.00, and closed the session at $34.61. The 52 week range of the Safeway Inc. (NYSE:SWY) stock remained $20.00 – $36.90and the day range was $33.77 – $35.39.