Acquisitions Botswana diamond polishing factory On November 4, 2013, Signet acquired a diamond polishing factory in Gaborone, Botswana for $9.1 million . The acquisition expands the Company s long-term diamond sourcing capabilities and provides resources for the Company to cut and polish stones. The transaction was accounted for as a business combination during the fourth quarter of Fiscal 2014. During the second quarter of Fiscal 2015, the Company finalized the valuation of net assets acquired. There were no material changes to the valuation of net assets acquired from the initial allocation reported during the fourth quarter of Fiscal 2014. The total consideration paid by the Company was funded through existing cash and allocated to the net assets acquired based on the final fair values as follows: property, plant and equipment acquired of $5.5 million and goodwill of $3.6 million . See Note 13 for additional information related to goodwill. None of the goodwill is deductible for income tax purposes. The results of operations related to the acquired diamond polishing factory are reported within the Other reportable segment of Signet s consolidated results. Pro forma results of operations have not been presented, as the impact to the Company s consolidated financial results was not material. Zale Corporation On May 29, 2014, the Company acquired 100% of the outstanding shares of Zale Corporation, making the entity a wholly-owned consolidated subsidiary of Signet. Under the terms of the Agreement and Plan of Merger, Zale Corporation shareholders received $ 21 per share in cash for each outstanding share of common stock and the vesting, upon consummation of the Acquisition, of certain outstanding Zale Corporation restricted stock units and stock options, which converted into the right to receive the merger consideration of $1,458.0 million , including $478.2 million to extinguish Zale Corporation s existing debt. The Acquisition was funded by the Company through existing cash and the issuance of $1,400.0 million o