Monday, June 10, 2019

Hudson's Bay shareholder group proposes C$1.74 billion go-private deal

Reuters
A group of shareholders, including Hudson’s Bay Co’s Executive Chairman Richard Baker, on Monday offered to take the Canadian retailer private in a C$1.74 billion cash deal.

Hudson’s Bay, which owns Saks Fifth Avenue and Lord & Taylor, said it has formed a special committee of independent directors to review the proposal. . . . more