How Hudson’s Bay Co. Bought Saks for $2.9 Billion
Canadian Hudson’s Bay Company (Toronto: HBC) and Saks Incorporated (NYSE: SKS) have announced a merger agreement whereby HBC will acquire Saks for $16.00 (USD) per share in an all-cash transaction valued at approximately $2.9 billion (USD), including debt. The congeneric merger brings together three of the retail industry’s most iconic brands – Hudson’s Bay, Lord […]
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