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Reuters - Business

Hudson’s Bay chairman considers sweetened bid for retailer

Reuters
FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. REUTERS/Chris Helgren (Reuters) – Hudson’s Bay Co (HBC.TO) Chairman Richard Baker and his partners have approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid, a source......
Reuters - Business

Exclusive: Hudson’s Bay’s take-private deal falls short – sources

Reuters
(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday. FILE PHOTO: A pedestrian walks past a Hudson’s Bay company sign......
Reuters - Business

Canadian regulator dismisses Catalyst request for cease trade order on Hudson’s take private deal

Reuters
FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. REUTERS/Chris Helgren/File Photo (Reuters) – Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of......
Reuters - Business

Exclusive: Hudson’s Bay Co’s take-private deal falls short in shareholder vote – sources

Reuters
(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday. FILE PHOTO: A pedestrian walks past a Hudson’s Bay company sign......
Reuters - Business

Proxy adviser ISS opposes plan by Hudson’s Bay chairman to take firm private

Reuters
(Reuters) – Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson’s Bay Co (HBC.TO) to take the Saks Fifth Avenue owner private after the bid was topped by an offer from Catalyst Capital Group Inc. FILE PHOTO: U.S. flags fly outside......

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