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Istithmar revises Barneys offer
- United Arab Emirates: Thursday, August 09 - 2007 at 11:26
Istithmar private equity and alternative investment house headquartered in Dubai, announced it has revised its offer to acquire Barneys New York from Jones Apparel Group Inc. at a purchase price of $942.3 million and under competitive terms in the share purchase agreement. Istithmar gets break-up fee of $ 34.7 million, if offer is not accepted.
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Medilyn Manibo, Assistant News EditorThursday, August 09 - 2007 at 11:26 UAE local time (GMT+4)
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