Daily News: May 22, 2013

Bloomberg: Saks Said to Hire Goldman Sachs to Explore Options

Bloomberg reported that Saks Inc. hired Goldman Sachs to explore its options, including a possible sale of the company, citing people familiar with the matter. According to the article the potential to sell the retailer to a private equity firm stems from an increase in shares by almost a third in 2013 and low interest rates, resulting in cheap financing for potential buyers, according to the informants.

To read the entire Bloomberg story, click here.

Previously on abfjournal.com:

WFCF Agents $600MM Facility for Saks, Thursday, March 28, 2013