Texas Pacific Completes Acquisition of Neiman Marcus
The purchase price was about $5.1 billion in cash plus the assumption of net indebtedness. Under the merger, Neiman Marcus stockholders are entitled to receive $100 per share in cash.
Neiman Marcus stock ceased trading on the New York Stock Exchange at the close of the market yesterday and was delisted.
The Neiman Marcus Group's operations include Neiman Marcus and Bergdorf Goodman stores and a direct marketing segment that conducts both catalog and online businesses under the Neiman Marcus, Horchow and Bergdorf Goodman brand names.