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Stock impact report

The Saks, Neiman Marcus Megadeal Is Getting Close, Sources Said [Yahoo! Finance]

Target Corporation (TGT) 
Last target corporation earnings: 3/3 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
Company Research Source: Yahoo! Finance
Sources told WWD that the on-again, off-again takeover talks that restarted last summer are in their final stages and are expected to result in Saks and Neiman Marcus coming together in a roughly $3 billion deal in the next month. More from WWD Seeking Growth, Target Is Now Wholesaling Its Private Label Lines Fashion, Tequila and Jeff Koons: Inside Stella McCartney's Pre-Met Gala Dinner With Saks Saks and Stella McCartney Partner for Exclusive Eveningwear Line It's an acquisition that promises to reset the luxury department store landscape. But first, the actual deal has to be put together, and questions about the transaction's financing have long loomed over the process. Now, it seems the answer might come with a twist. The funds for the deal are said to be coming from at least two unusual sources — Europe e-commerce giant Zalando and Indian retail and real estate player Reliance. Saks declined to comment and a representative for Neiman Marcus said the company would Show less Read more
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