Saks shares have spiked on takeover speculation. Reports say a private equity consortium with U.S. and U.K. players is interested in buying the retailer and could offer some $1.7 billion for it. Continue reading Saks Shares Soar on Takeover Rumors Saks Shares Soar on Takeover Rumors originally appeared on DailyFinance on Tue, 31 Aug 2010 09:48:00. Filed Under: Investing , Saks , Retail , Stocks in the News Permalink | Tweet this! | Comments