Hudson’s Bay executive leads bid to take retailer private

Hudson’s Bay executive leads bid to take retailer private

Saks Fifth Avenue is staging a private sale to its owners. A group of shareholders who own 57 per cent of Hudson’s Bay Company, the Toronto-based firm that owns Saks, made an offer on Monday to take the company private. The all-cash deal, valued at $1.3 billion, equates to $7.12 a share , a 48-per cent premium to Friday’s closing share price.

KCooper
KCooper
Unity.Nat
Unity.Nat 8 months

I believe they need to at this point or end up like Sears.

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