Bloomberg: Scott Rostan on “Saks at Priciest Means KKR Mulls Neiman Merger: Real M&A”
http://www.bloomberg.com/news/2013-05-24/saks-at-priciest-means-kkr-mulls-neiman-merger-real-m-a.html
By Brooke Sutherland & Tara Lachapelle
KKR & Co. (KKR), the buyout firm weighing an investment in Saks Inc., may need to get creative to extract more value from what’s already the most expensive U.S. department-store stock.
Saks, which is exploring options including a sale, surged this week to the highest level since 2008 after Bloomberg News reported that...