Does Merging Two Struggling Firms Create Value?
Michael Roberto
DECEMBER 5, 2023
[link] Fortune's Chris Morris has reported that Neiman Marcus has rebuffed an acquisition offer from Saks, a competitor in the luxury retail market. Neiman, in 2002, filed for bankruptcy , but has emerged in a better position, with less debt. Saks believes that some synergies will be created as a result of the deal.
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