By  on November 26, 2008

Saks Inc. saw a poison pill plan as the best remedy for the combined symptoms of a low stock price and an aggressive investor.

The embattled luxury retailer established a preferred share purchase program last Wednesday — one that kicks in when a single investor acquires 20 percent or more of its stock — just days after Mexican billionaire Carlos Slim Helú boosted his stake in the firm to 18.3 percent.

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