Pursuits
Sycamore Said to Near Deal to Buy Jones Group for $1.2 Billion
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Private-equity firm Sycamore Partners is nearing a deal to buy Jones Group Inc. for $15 a share, a transaction that would value the retailer at about $1.2 billion, according to two people familiar with the matter.
The deal may be announced as early as next week, said one of the people, who asked not to be named because the process is private.