Saks-Neiman's Merger Said to Be Here: What Are the Ramifications? [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
Bay Co. is said to have reached a definitive agreement to buy Neiman Marcus Group for about $2.65 billion, bringing the luxury department store together with Saks Fifth Avenue, according to sources familiar with the transaction. More from WWD Blush Is a $59 Million Business on Amazon. Who's Winning It? Amazon Prime Day 2024: The Best Early Beauty Deals to Shop Now New Food Hall in Amazon's 'Hank' Building to Be Named for Female Retail Trailblazer In a digital age twist, Amazon is an investor in the deal, as are private equity giants Apollo and Salesforce. Saks and Neiman's have been in talks to merge many times over the years, but the latest negotiations began last summer. The Wall Street Journal on Wednesday reported details of the final agreement, which will still be subject to approval by the Federal Trade Commission, which has grown more assertive. As recently as two weeks ago, sources said the price tag on Neiman's was $3.1 billion, but at least some of the financia
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- TD Cowen: Saks-Neiman Deal Likely a Boon to Both Retailers Amid Brand Moves to DTC [Yahoo! Finance]Yahoo! Finance
- The 2 Most Important Questions in Investing [Yahoo! Finance]Yahoo! Finance
- Why Did Shopify Stock Rise 12% Last Month? [Yahoo! Finance]Yahoo! Finance
- These Stocks Hit All-Time Highs Friday As S&P 500 Set New Record, From Apple To Walmart [Forbes]Forbes
- Saks Fifth Avenue parent company to acquire Neiman Marcus Group for $2.6B [Yahoo! Finance]Yahoo! Finance
AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 7/5/24 - Form 4
- 7/3/24 - Form 4
- 7/3/24 - Form 144
- AMZN's page on the SEC website