Stockholders Approve Neiman Marcus Deal
Dallas, Stockholders of The Neiman Marcus Group voted to adopt the merger agreement providing for the acquisition of the company by an investment group. The proposed merger was announced on May 2, 2005, and is expected to be completed during the last calendar quarter of 2005. The new owner will be TPG Advisors and Warburg Pincus & Co.
Approximately 99.7% of stockholders present and voting voted for adoption of the merger agreement. The number of shares voting to adopt the merger agreement represents approximately 74.3% of the total number of shares outstanding and entitled to vote.