A PYMNTS Company

US: Stock leader Sacks weighs sale, Neiman Marcus merger eyed

By  |  May 24, 2013

Stocks for Sacks Inc., already the most expensive of US department stores, surged this week in the wake of news that KKR & Co. is considering pumping in $2.3 billion in investments to the retailer. According to reports, Sacks may now be weighing its options for a sale as KKR also looks at a possible merger with rival Neiman Marcus Inc. According to experts at Citigroup, KKR may be looking to up its returns from Sacks through a tie-up with its rival instead of taking it private which Citigroup says will lead to a mere 9.5 percent return. Sacks stocks topped to its highest levels since 2008, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.