Jones Group approves merger with Sycamore
New York — The Jones Group Inc. announced that its shareholders overwhelmingly voted to approve the company’s acquisition by Sycamore Partners.
Under the terms of the deal, Sycamore will acquire Jones for $15.00 per share in cash, or a total transaction value of approximately $2.2 billion.
"We are pleased to have received such positive shareholder support for the merger with Sycamore Partners,” said Wesley Card, CEO, The Jones Group. “We believe this transaction represents the best outcome for The Jones Group, our shareholders and the loyal customers of our brands, and we expect a seamless transition following the transaction close.”
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