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7 Top M&A Highlights of Q3

Mergers & acquisitions took off in the third quarter with some eye-popping and historic buyouts

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saks_185The luxury retail sector served up a double dose of headline-grabbing buyouts. The private equity owner of Neiman Marcus agreed to sell the upscale chain to another private group — led by Ares Management and a Canadian pension plan — for a total of $6 billion.

Elsewhere among luxury names, high-end department store Saks (SKS) sold itself to Canada’s Hudson’s Bay Co. for $2.4 billion.

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