Report: Starwood Capital bids to buy Saks

07/21/2013 | Women's Wear Daily (subscription required) · Bloomberg

Private equity firm Starwood Capital has reportedly made a bid to buy Saks Fifth Avenue, after an offer from Hudson's Bay Co., sources said. Saks, which hired Goldman Sachs this year to help evaluate its options, could command a price of about $16 per share in a buyout, said UBS AG analyst Michael Binetti.

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Women's Wear Daily (subscription required) · Bloomberg

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