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Carlos Slim's Saks Inc. Slim-down Continues

Regulatory filings late Tuesday revealed a third series of stock sales last Friday, subtracting another 390,000 shares of Saks stock from the family trust.

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SLIM-DOWN CONTINUES: Mexican billionaire Carlos Slim Helú’s retreat from his equity position at Saks Inc. might not be finished. Regulatory filings late Tuesday revealed a third series of stock sales last Friday, subtracting another 390,000 shares of Saks stock from the family trust, Inmobilaria Carso SA, in addition to the more than 2.2 million shed in the past week. Prices ranged from $11.64 to $11.81 a share. The Slim stake now sits at 23.9 million shares, still above the 22.7 million shares, or 15 percent, position of Diego Della Valle.