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Saks Offers Impending

Birmingham, Ala., Preliminary bids for Saks’ northern department store group—including Carson Pirie Scott—are due today. Bon-Ton is among the expected bidders.

Other bidders could include J.C. Penney, Dillard’s, Bain Capital Partners and Cerberus Capital Management.

Saks also plans to sell Club Libby Lu, a retailer catering to pre-teen girls.

© 2014