Mexican billionaire Carlos Slim HelU has again increased his holdings in Saks Inc., but is no closer to the 20 percent ownership threshold established when the company deployed a poison pill plan triggered by his actions.
Slim Helú, through his investment trust Inmobiliaria Carso, acquired another 300,000 shares of Saks on Jan. 23 at prices ranging from $2.30 to $2.56 a share, according to a filing with the Securities and Exchange Commission. This boosted his holdings to 25.55 million shares, or 18 percent of the 142.1 million shares outstanding. The investment was just over $700,000, or an average of $2.34 a share.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"