As previously announced by The Neiman Marcus Group, Inc based upon discussions with the investment group consisting of Texas Pacific Group and Warburg Pincus LLC, the Company currently expects to complete the pending merger transaction in October 2005.
In light of the expected timing of the closing, the Company announced that its Board of Directors will not declare a quarterly cash dividend this month, which would ordinarily be payable in November 2005 in respect of the Company's first fiscal quarter. The Company's Board of Directors, however, will reconsider declaring a quarterly cash dividend in the event the merger is not completed in the expected timeframe.
Nation's department store merchandiser Neiman Marcus Group, Inc operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both print catalog and online operations under the Neiman Marcus, Horchow and Bergdorf Goodman brand names.
marketing@alchempro.com
