Wednesday, 13 June 2007

UPDATE 1-Jones Apparel nearing sale of Barneys-reports

(Reuters) - The New York Post said the deal was worth $950 million. The
Wall Street Journal put the figure as high as $850 million.




The talks with private-equity firm Istithmar, one of the
big investment firms in the oil-rich United Arab Emirates, have
reached the final stages, the Post and Journal said, citing
sources. A potential deal was first reported by apparel trade
publication Women's Wear Daily in April.


Read more at Reuters.com Mergers News

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