Saks (SKS +11.1%) has hired Goldman to explore strategic alternatives, "including a possible...


Saks (SKS +11.1%) has hired Goldman to explore strategic alternatives, "including a possible sale of the company," the NY Post reports. P-E firms, including KKR and Leonard Green, are seen as likely bidders. Shares +15.8% AH, adding to today's big post-earnings gains.
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Comments (2)
  • Ajayyy
    , contributor
    Comments (325) | Send Message
     
    Just went long on the stock yesterday prior to earnings. Feel lucky!
    I'm still wondering who would want to buy the huge debt on saks name. While there is enough cash (~150M)for their first payement (~120M) in 2014, their debt maturing in 2024 of 230M is of no little concern.
    21 May 2013, 05:07 PM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
     
    the company doesn't seem like it was meant for the public just like how their goods are so expensive. They can not succeed with small portion of the population that can actually afford their goods
    22 May 2013, 12:53 AM Reply Like
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