Zale in Talks with Three Finalists

Zale Corp is in talks with three finalists, including TPG and Golden Gate Capital, to take a stake in the company, according to a Business Week report.

According to the report, Zale could potentially sell a minority stake for about $100 million to $150 million. The third finalist was not identified.

It was reported in March that Zale was considering a proposal from Sun Capital Partners, but according to Business Week, Sun Capital is not a finalist.

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