Saks Fifth Avenue parent group signs deal to buy upscale rival Neiman Marcus Group for $2.65 billion [Fortune]
![Fortune](../../../Content/images/providers/Fortune.png)
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Fortune
The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different players, from online marketplaces that sell luxury goods to upscale fashion and accessories brands opening up their own stores. The new organization will comprise the Saks Fifth Avenue and Saks OFF 5TH brands, Neiman Marcus and Bergdorf Goodman, as well as the real estate assets of Neiman Marcus Group and HBC, a holding company that purchased Saks in 2013. The stores will continue to operate under their own brand names. HBC has secured $1.15 billion in financing from investment funds and accounts managed by affiliates of Apollo, and a $2 billion fully committed revolving asset based loan facility from Bank of America , which is the lead underwriter, Citigroup Morgan Stanley , RBC Capital Markets, and Wells Fargo The deal was announced Thursday after the two department store chains had been in negotiations for about a year. But the
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Shares of SolarEdge climb on upgrade from BoFA [Yahoo! Finance Canada]Yahoo! Finance Canada
- Shares of SolarEdge climb on upgrade from BoFA Mon, Jul 8, 2024, 4:50 PM GMT+2 0 In this article: Video Transcript Advertisement Up next Meta receives price target boost from Wells Fargo Mon, Jul 8, 2024, 4:41 PM GMT+2 0 In this article: Video Transcript Acquire Media Monitor
- 'Little French drama' won't swing European equities: Strategist [Yahoo! Finance Canada]Yahoo! Finance Canada
- 'Little French drama' won't swing European equities: Strategist [Yahoo! Finance]Yahoo! Finance
- Young Millionaires Are Losing Faith In The Stock Market — Here's Where Those Rich Investors Are Putting Their Cash Instead [Yahoo! Finance]Yahoo! Finance
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 7/3/24 - Form FWP
- 7/3/24 - Form FWP
- 7/2/24 - Form 424B2
- BAC's page on the SEC website