Friday, February 28, 2020

Baker's HBC privatization bid approved after plenty of ‘noise and aggravation’

Financial Post
Shareholders of storied Canadian retailer Hudson’s Bay Co. voted overwhelmingly to approve a privatization of the firm Thursday following a contentious months-long takeover battle.

The $2 billion take-private transaction led by HBC executive chairman Richard Baker was approved by more than 98 per cent of shareholders who voted, including 94.46 per cent of minority shareholders who were not part of the Baker-led privatization.. . . more