Neiman Marcus Agrees to $5.1 Billion Buyout

0

Neiman Marcus Group Inc. on Monday said it has agreed to sell its chain of luxury department stores to two private investment firms for slightly more than $5 billion in cash.


Texas Pacific Group and Warburg Pincus will purchase Neiman Marcus for $100 per share, valuing the company at roughly $5.1 billion. The price is a slight premium to Neiman Marcus’ closing price of $98.32 on Friday.


*

Read the full Reuters story

.

No posts to display