Saks Fifth Avenue desires to purchase rival Neiman Marcus. Neiman is open to a deal. However the two luxurious retailers can’t agree on the phrases of a wedding.
This week, Neiman rejected Saks’s most up-to-date takeover supply, which valued the upscale chain at near $3 billion, in line with folks acquainted with the scenario. Neiman objected to the deal’s construction, a good portion of which wasn’t in money, a number of the folks stated.
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