Investor Moves to Block Zale Sale to Signet Jewelers, Calls $1.4 Billion Deal 'Grossly Unfair'

TIG Advisors does not want Zales to go to Jared. That's the jist of a 35-page report that TIG filed with the Securities and Exchange Commission Friday afternoon and in which the New York-based investment firm revealed a 9.5 percent stake in the Zale Corporation, saying that it intends to vote against the Zale's proposed merger with Signet Jewelers , the parent company