Neiman Marcus In Talks For $6 Billion Sale

From Our CBS Music Web Sites

453641528 10 Neiman Marcus In Talks For $6 Billion SaleAdorbale Baby Animals To Put A Smile On Your Face

150725619 10 Neiman Marcus In Talks For $6 Billion SaleHot Models In Glasses

 alt=Musicians Then And Now II

452359780 10 Neiman Marcus In Talks For $6 Billion SaleMissing Summer?

87222728 Neiman Marcus In Talks For $6 Billion Sale8 Reasons to Have A Good Love Life

sx Neiman Marcus In Talks For $6 Billion Sale Victoria's Secret Fashion Show

DALLAS (CBSDFW.COM/AP) – Luxury retailer Neiman Marcus Inc. is reportedly in talks to be bought by Los Angeles-based asset manager Ares Management LLP and the Canada Pension Plan Investment Board for more than $6 billion.

That’s according to unidentified people familiar with the matter cited Sunday by The Wall Street Journal.

The newspaper said the parties were attempting to finalize a deal, although talks could still fall apart.

Representatives for Ares, Canada Pension Plan and Neiman Marcus did not return messages seeking comment.

Private equity firms TPG Capital and Warburg Pincus bought Neiman Marcus for $5.1 billion in 2005. The Dallas company filed for an initial public offering of stock in late June. Founded in 1907, it operates 41 Neiman Marcus stores and other shops including 35 stores under the Last Call brand.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: