Ares Mgmt, CPPIB to Buy Neiman Marcus for $6B

Ares Management LLC and Canada Pension Plan Investment Board (CPPIB) announced today that their affiliates have entered into a definitive agreement to acquire Neiman Marcus Group LTD Inc. from a group of investors led by TPG and Warburg Pincus for a purchase price of US $6.0 billion. A portion of the purchase price will