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

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.

Metal Mulisha Races Towards Customization

Metal Mulisha Races Towards Customization

The motocross apparel company boosts mobile and Web conversions through product recommendations and personalized search.