By  on February 11, 2008

A bid for Saks Inc. by Baugur Group remains in a holding pattern as the two firms "continue discussions" while the retailer's top-level executives are said to be looking for a piece of the action.

But as Baugur waits — sources said the company continues its due diligence — the rumbles of a possible bid have investors quietly buying up Saks shares.

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