(Reuters) - PHILADELPHIA, July 5 - Jones Apparel Group Inc. said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd. to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the upscale clothing chain for $825 million.
Jones said it will provide financial information and enter negotiations with Fast Retailing, a Japanese clothing company. Jones' agreement to sell Barneys to Dubai-owned private equity firm Istithmar remains in effect, however.
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Jones said it will provide financial information and enter negotiations with Fast Retailing, a Japanese clothing company. Jones' agreement to sell Barneys to Dubai-owned private equity firm Istithmar remains in effect, however.
Read more at Reuters.com Bonds News
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