UPDATE 2-Department store chain Belk seeks sale -sources

April 2, 2015 6:49 PM

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April 2 (Reuters) - Belk Inc is exploring a sale that could value the largest family-owned and operated department store chain in the United States at as much as $4 billion, including debt, people familiar with the matter said on Thursday.

Belk has hired investment bank Goldman Sachs Group Inc to help it evaluate strategic alternatives, including a potential sale, the people said.

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