Carlos Slim Helú has acquired additional shares of Saks Inc., bringing his stake to slightly more than 26.2 million shares.
The series of shares was purchased on Aug. 18, according to filings with the Securities and Exchange Commission Monday. The shares were acquired by Slim through Inmobiliaria Carso SA De CV. Members of the Slim family are beneficiaries of a Mexican trust that in turn owns Inmobiliaria Carso, and each family member is deemed to have indirect beneficial ownership of the 26.2 million Saks shares.
Shares of Saks were up 9 cents, or 1.1 percent, to close at $8.08 in trading Monday on the New York Stock Exchange.
Slim now is the largest direct holder of Saks shares, bumping Tod’s SpA chairman and chief executive officer Diego Della Valle into second place. As of October, Della Valle owned nearly 22.7 million Saks shares.
The Mexican billionaire and Della Valle have been in a pattern in which one buys up Saks shares to leapfrog over the other as the top direct holder, only to have the other come back and take over the lead.
While neither has said he wants to take over Saks, those stock purchases have in the past fueled takeover rumors.