Shares of Saks Inc. rose 4.2 percent to close at $12.49 in New York Stock Exchange trading Friday after Citigroup Inc. issued a research note indicating a takeover of the retailer is a "probability."
The Icelandic firm Baugur Group earlier last week rolled over its forward contracts from July 2007. The new contracts for Saks shares mature on July 30. Baugur doesn't currently own any Saks shares. The nine contracts give Baugur the right to acquire 12.2 million shares of common stock at forward prices ranging from approximately $12 to $23 per share.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)