Jones Apparel to Buy Barneys in $400 Mln Deal
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Mid-priced clothing retailer and maker  Jones Apparel Group Inc. said on Thursday it was buying Barneys  New York Inc. in a $400 million deal to boost its retail  business and move into luxury apparel.
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Similar deals are expected to follow Bank of America Corp's  agreement on Friday to acquire battered mortgage lender Countrywide Financial Corp  for a knock-down price of $4 billion in stock.
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Discount retailer Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) will buy department store operator Sears, Roebuck &amp; Co.
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The Fast Retailing Company, the Japanese retailer that owns the Uniqlo line of stores, made an unsolicited $900 million bid for Barneys New York.
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Jones Apparel Group Inc.  is nearing a deal to sell its Barneys New York department store chain for $950 million to a private equity firm owned by the Dubai government, according to The New York Post.
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Another shopper has rung up Barneys New York, the high-end fashion emporium that is being sold to the investment arm of the Dubai government for $825 million.
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The Jones Apparel Group, a $4.3 billion clothing company with a middle-brow reputation, announced a deal today to buy Barneys New York, the singularly trendy clothing chain that has its flagship store on Madison Avenue.
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Bank of America Corp  on Friday said it agreed to acquire struggling mortgage lender Countrywide Financial Corp  for about $4 billion in stock, a move that could help avert one of the biggest collapses in the U.S. housing crisis.
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Macy's Inc  said on Friday that  it signed a deal with Tommy Hilfiger USA Inc for Macy's to be  the exclusive department store retailer of Tommy Hilfiger men's  and women's sportswear in the United States.
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Jones Apparel said on Thursday it received a bid from Fast Retailing to acquire Barneys New York for $900 million, which tops an existing pact to sell the clothing chain for $825 million.
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Dow Jones & Co. DJ.N, publisher of  The Wall Street Journal, has agreed to buy online financial  news provider MarketWatch Inc. MKTW.O for about $463 million  in a bid to boost its revenue from the fast-growing Internet  advertising market.
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Jones Apparel Group Inc.  said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd. to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the luxury department store chain for $825 million.
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Jones said the deal is valued at approximately $400 million, including cash consideration of $19 per share to Barneys stockholders totaling $294.
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Macy's Inc  said on Friday that it signed a deal with Tommy Hilfiger USA Inc for Macy's to be the exclusive department store retailer of Tommy Hilfiger men's and women's sportswear in the United States.
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The clothing retailer Barneys New York, a temple to fashion that introduced Americans to Armani and $300 T-shirts, was sold today to the investment arm of the Dubai government for $825 million.
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Mid-prixed clothing retailer and maker Jones Apparel Group Inc. (JNY.N: Quote, Profile, Research) said on Thursday it was buying Barneys New York Inc.
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Jones Apparel Group Inc.  is  near a deal to sell the Barneys New York high-end clothing  chain for $825 million to Dubai&#39;s private equity firm  Istithmar, The New York Times reported on Friday.