Shareholders in The Neiman Marcus Group, Inc. have voted to allow an entity indirectly owned by private equity funds sponsored by TPG Advisors III, Inc., TPG Advisors IV, Inc., Warburg Pincus & Co., Warburg Pincus LLC and Warburg Pincus Partners LLC to acquire Neiman Marcus.
The proposed merger was announced on May 2, 2005 and is expected to be completed during the last calendar quarter of 2005, Company stockholders will receive $100.00 per share in cash without interest.
The Neiman Marcus Group, Inc. operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both print catalog and online operations under the Neiman Marcus, Horchow and Bergdorf Goodman brands.