New York -- The Jones Group Inc. has scheduled a special meeting of The Jones Group shareholders for April 7, 2014 to consider and vote upon the previously announced merger agreement entered into with Sycamore Partners on Dec. 19, 2013. Under the agreement, affiliates of Sycamore Partners will acquire The Jones Group for $15 per share in cash, or about $1.2 billion.
The meeting will be held at the offices of Cravath, Swaine & Moore LLP in New York. The Jones Group shareholders of record as of the close of business on March 5, 2014 will be entitled to receive notice of, and vote at, the special meeting. If the merger agreement is adopted at the special meeting, the company expects the transaction to be completed in the second quarter of 2014, subject to the satisfaction of the other conditions set forth in the merger agreement.