Mexico’s Slim Boosts His Stake in Saks
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An affiliate of Carlos Slim Helu, the wealthiest investor in Mexico, last month purchased 578,000 shares in Saks Inc., whose price has fallen as much as 52% since Sept. 11.
Orient Star Holdings, a limited liability company controlled by the billionaire Slim and his family, bought the stock from Oct. 2 to Oct. 31 for $5.22 to $6.81, according to a filing with the Securities and Exchange Commission. Orient Star is the second-largest Saks shareholder.
Shares of Birmingham, Ala.-based Saks gained 46 cents to $7.40 on the NYSE.
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