Get the App
Join our growing community to challenge mainstream media bias and fix the news
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 1 year

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

Top in Business