Nonetheless, the source noted that the timing of Southeastern's stake sale does not bode well for a potential deal. While a sale cannot of course be ruled out, the fact that Southeastern has begun to cash out of its investment amid rumors of a potential sale likely means the shareholder does not think a transaction will come to fruition--at least not at a large premium.Written by Richard Collings.
The Deal: Saks Languishes on Sale Rack
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