Saks Up On Report of Offer; Retail, Investment Firms Might Team Up for Purchase
The Milwaukee Journal Sentinel › August 09, 2005
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Summary
Shares of Saks Inc. rose more than 9% on Monday, boosted by a report in Women's Wear Daily suggesting that Bon-Ton Stores Inc. and an investment firm might team up to offer $28 to $30 a share for the company.
Saks, the Birmingham, Ala.-based parent to the Boston Store and Younkers, has previously announced that its Northern Department Store Group, based in Milwaukee, is up for sale.See the full content of this document
Extract
Saks Up On Report of Offer; Retail, Investment Firms Might Team Up for Purchase
Saks shares closed up $1.85 at $22.10 Monday on heavy volume.
Citing unnamed sources, the apparel trade publi...See the full content of this document
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