Texas Pacific Completes Acquisition of Neiman Marcus

Share this article:
The Neiman Marcus Group Inc., Dallas, announced yesterday the completion of the acquisition of the company by an investor group led by Texas Pacific Group and Warburg Pincus LLC.


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.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

7 Ways to Take Your Marketing Strategy to the Big Leagues

7 Ways to Take Your Marketing Strategy to ...

A game-winning omnichannel strategy must be seamless, synchronous, and symbiotic.

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.