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.
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