By and  on April 7, 2014

NEW YORK — At a special meeting Monday, shareholders of The Jones Group Inc. overwhelmingly approved the merger agreement with Sycamore Partners and golden parachute compensation payable to several executive officers.

Sycamore offered to acquire Jones for $15 a share in cash, or about $2.2 billion, on Dec. 19. The equity portion of the transaction is about $1.2 billion, with the remaining $1 billion coming from the assumption of debt.

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