SLIM’S SHRINKING SAKS STAKE: Carlos Slim Helú is inching closer to ceding his position as Saks Inc.’s top shareholder. The Mexican billionaire sold a total of 550,000 shares at prices that range from $11.66 to $11.87 in a series of trades Aug. 29 and 30, according to filings with the Securities and Exchange Commission. That left him with 23.4 million shares — a hair above the 22.7 million shares controlled by Diego Della Valle, Tod’s SpA chairman and chief executive officer. Since Aug. 20, Slim has sold off 3.2 million Saks shares.
September 4, 2012