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Published on 12/1/2008 in the Prospect News Special Situations Daily.

Zale investor Breeden Capital buys 1 million shares, upping stake to 28.46%

By Lisa Kerner

Charlotte, N.C., Dec. 1 - A group of Zale Corp. investors led by Breeden Capital Management LLC bought 1 million shares of the company's stock on Wednesday for $6.2929 each, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Breeden beneficially owns approximately 9 million shares, or 28.46%, of the Irving, Texas-based fine jewelry retailer.


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