In 1999, May acquires Zions Cooperative Mercantile Institution based in Salt Lake City, folding it into the Meier & Frank subsidiary. In 2000, May Department Stores purchases David's Bridal. In 2004, May Department Stores takes over the Marshall Field's chain from Target Corporation. In 2005, May is purchased by Federated Department Stores for $11 billion in stock, with all former May divisions being folded into Federated's various Macy's branches. In 2006, over 400 former May stores, with their wide variety of long-standing brand names, are consolidated and renamed as Macy's. In addition, Federated sells off three former May chains (David's Bridal, Lord & Taylor and Priscilla of Boston).