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Canada Pension Plan, Ares Buy Neiman Marcus For $6 Billion

wochit news
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September 09, 2013 AT 7:09 AM
A consortium of Ares Management and the Canada Pension Plan Investment Board said that they had reached a deal to buy luxury U.S. retailer Neiman Marcus for $6 billion from a group of investors led by private equity firms TPG Capital and Warburg Pincus.