I have exactly the same coolant leak problem. After having read everything on coolant leaks on the Saab 9-5 that I can find on the internet, I'm 99.9% certain that the CBV is the culprit. Instead of going to the mechanic, I decided to tackle the job myself as it seems simple enough. I have all the parts and tools I need, including the special hose clamp pliers.
My contribution to this post is just to let people know how you can get hold of a new CBV part cheaply and quickly. I decided to go for an after market replacement part but wanted to be sure that i get a good quality part so I thought I would get a brand name part from a German manufacturer (I have the utmost confidence and faith in German built machines). As far as I know
AC Delco and Febi Bilstein are both German manufacturer who make the CBV part. Frank Wulfers here has the
AC Delco CBV here for sale at the marketplace on this site for $30 which is the best deal you can find. I got my Febi Bilstein CBV from Amazon.com, it says made in Brazil but that's ok. Here are the shortened links:
Febi Bilstein CBV here:
Amazon.com: Febi-Bilstein Heater Bypass Valve: Automotive
Pneumatic hose clamp pliers here:
Amazon.com: Astro Pneumatic 9409A Hose Clamp Pliers: Home Improvement
The price for the CBV is $42.75. The cool thing about ordering it from Amazon is that I just signed up for a free trial of Amazon Prime where they will get pretty much anything to you in 2 days, free shipping with no minimum orders. And sure enough I got my CBV in 2 days and my pliers ($32), from a separate order in 2 days as well, free shipping in both cases.