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Investors are Poised to Pay $6 Billion for Neiman

Business News & Financial News

After several months sitting in the display case, Neiman Marcus Inc. appears close to having a buyer.  A team of Ares Management LLC and the Canada Pension Plan Investment Board are in the final stages of negotiations to buy Neiman Marcus for around $6 billion, said people familiar with the matter, in a move that would shift the luxury retailer from one set of private-equity ownership to another...

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