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- Sycamore Taking Jones Group Private
Sycamore Taking Jones Group Private
- By Maxamillion Blick
- Published 12/20/2013
- Jones Apparel Group
- Unrated
The Jones Group Inc. and Sycamore Partners today announced that they have
entered into a definitive agreement pursuant to which affiliates of Sycamore
Partners will acquire The Jones Group for $15.00 per
share in cash, or a total of approximately $1.2
billion.
The transaction is valued at approximately $2.2
billion,
including net debt. Upon completion of the transaction, The Jones Group will
become a privately held company.
Read the fashion blog post on Apparel Search about The Jones Group Going Private.
Read the fashion blog post on Apparel Search about The Jones Group Going Private.