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October 30, 2007
Report: Investment Firm Considers Saks Buy
Investment firm Baugur Group is considering a buy of Saks Inc., according to a report out Tuesday. The Icelandic firm is already an investor in the department store chain.
If Baugur pursues the acquisition it may bring in a partner, Dubai-based Landmark Group.
Although Saks previously indicated that it wasn’t interested in a sale, recent reports have pointed to a sea change.
Posted by Blacks on October 30, 2007 10:20 AM
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