Jones Apparel and Istithmar sign definitive agreement
09/08/2007
After receiving amended offers from two prospective buyers—Fast Retailing and Istithmar—for its luxury retail chain Barneys earlier this week, Jones Apparel Group, Inc. has now signed an amended definitive stock purchase agreement to sell the chain to Dubai-based private equity company Istithmar for $942.3 million in cash, subject to certain purchase price adjustments.