Upscale Saks up for sale

Article Abstract:

Saks Holdings has announced it is looking for potential buyers for Saks Fifth Avenue, a high-end department store chain that operates 41 full-line stores and 39 Off 5th stores. Saks Holdings executives declined to elaborate on the sale, giving no explanation on why they want to sell the department store chain or the selling price for the retailer. However, analysts commented that Saks Fifth Avenue stocks' poor performance prompted the company to put itself up for sale. Merrill Lynch and Goldman Sachs is the investment firm hired by Saks Holdings to help it find a buyer or a merger partner for Saks Fifth Avenue.

Comment:

Says it looks for potential buyers for Saks Fifth Avenue, a high-end department store chain

Department Stores, Department Store Chains, Saks Inc., Saks Holdings Inc., Article

---

Comcast springs to big time

Article Abstract:

Comcast Cable Communications Inc. has offered to acquire MediaOne for $60 billion in stock and debt. The acquisition will more than double the size of Comcast to more than 11 million subscribers, making it at par with industry behemoths Time Warner and AT&T. Some analysts, however, are questioning Comcast's wisdom in buying MediaOne at a 32% premium over MediaOne's market value on Mar 19, 1999. These critics cite the shrinking profit and subscriber base of MediaOne.

Acquisitions & mergers, Cable Networks, Cable Television Systems, MediaOne

---

Similar abstracts:

• Abstracts: Reasonable doubt: Israel's Supreme Court acquits Demjanjuk. Coming into his own. The superstar next door: Elvis Stojko
• Abstracts: Cross purposes. Hitting highs. Hanging around
• Abstracts: Topless in Ontario: women exercise the right to expose their breasts. Rise up, Ukraine
• Abstracts: The issues. Going to court. Changing society
• Abstracts: Laumann's lament. Bolstering the CBC. Can police protect a witness? An informant claims that the RCMP left him out in the cold

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.