Signet Jewelers closes $490M cash acquisition of Diamonds Direct; accretive

SIGNET JEWELERS LTD

Purchase price $490M in cash; multiples ~1.1x annualized revenue and ~7.1x annualized EBITDA.
Diamonds Direct operates 22 locations; mature stores median annualized revenue ~$18.5M.
Acquisition is immediately accretive; expands Signet's accessible luxury and bridal market.
Plans to report results within North America segment; no separate banner detail provided.

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