When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
HBAYF - Hudson's Bay: Retail Challenges And Undervalued Real Estate
Hudson's Bay Co.
Hudson's Bay (HBAYF) has postponed its special meeting of shareholders to consider the deal to go private at C$10.30 (US$7.83) per share to the investor group led by Richard Baker. This came after the Ontario Securities Commission required it to amend and reissue the management information circular for the meeting. Reports indicated that there was not enough support for the bid ahead of the meeting.
I have conflicting feelings about the Baker bid, as I believe that it somewhat undervalues the real estate and the company. However, Hudson's Bay's retail performance hasn't been