Southeastern Becomes Largest Shareholder Of Saks Inc

Southeastern Asset Management, Inc. has boosted its stake in  Saks Inc according to a 13D filed with the SEC. According to the value firm's third quarter 13F, the firm owned 21,670,820 shares of the high end retailer or 14.32%. As per the latest filing, Mason Hawkins' firm owns  26,976,320 shares equalling 17.8% of the company. Southeastern is now the largest shareholder of  Saks Inc (NYSE:SKS).

Saks Incorporated, headquartered in New York City, operated 105 stores as of July 30, 2011, including 46 Saks Fifth Avenue stores and 59 Off 5th stores. The company also operates saks.com and saksfashionfix.com. The Fifth Avenue store base...