Luxury goods Group, The Neiman Marcus Group, Inc., has announced that a definitive agreement to sell the company to two equity groups in a cash deal worth $5.1-billion.

Under the terms of the agreement, Texas Pacific Group and Warburg Pincus will acquire all of the outstanding Class A and Class B shares of The Neiman Marcus Group for $100.00 per share in cash, representing a transaction value of approximately $5.1 billion.

Share this story: