Istithmar revises Offer for Barneys New York

(Full text of a statement. Contact details below.)
Dubai (ANTARA News/PRNewswire-AsiaNet) - Istithmar PJSC, the leading private equity and alternative investment house headquartered in Dubai, announced today that it has revised its offer to acquire Barneys New York, the luxury specialty retailer, from Jones Apparel Group Inc. at a purchase price of USD 942.3 million and under competitive terms in the share purchase agreement.

If this offer is not accepted, Istithmar is entitled to a break-up fee of USD 34.7 million.

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