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Saks CEO Stephen Sadove Sells Shares

Retailer's chairman and ceo sold 100,000 shares of common stock on Wednesday, according to a SEC filing Thursday.

SADOVE’S STOCK SALE: According to a Securities and Exchange Commission filing Thursday, Saks Inc. chairman and chief executive officer Stephen I. Sadove sold 100,000 shares of Saks common stock on Wednesday, with a weighted average price of $11.64. That would amount to almost $1.2 million. The shares were sold in multiple transactions at prices ranging from $11.49 to $11.81. According to the filing, Sadove still beneficially owns 816,733 shares of Saks common stock.

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