June 18 (Reuters) - Zale Corp:
* Citibank notified co it would terminate deal in 180 days, unless co pays Citi
abt $1,125,000 on or before July 16, 2010
* Payment for a subsequent minimum volume shortfall under merchant services
agreement
* If company makes payment, the agreement will remain in effect until its
original March 2011 expiration date
* Says company and Citibank are continuing negotiations on a non-exclusive
basis -filing
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Citibank notified co it would terminate deal in 180 days, unless co pays Citi
abt $1,125,000 on or before July 16, 2010
* Payment for a subsequent minimum volume shortfall under merchant services
agreement
* If company makes payment, the agreement will remain in effect until its
original March 2011 expiration date
* Says company and Citibank are continuing negotiations on a non-exclusive
basis -filing
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.