We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Hudson’s Bay Co. Spurns $3.5B German Biz Takeover Offer

Law360 (February 7, 2018, 8:25 PM EST) -- Canadian retailer Hudson’s Bay Co. said Wednesday it will not accept an unsolicited $3.5 billion takeover bid for its German unit by Signa Holding GmbH, effectively ending the German company’s play for HBC’s retail and real estate assets in the country.

Hudson’s Bay’s board of directors unanimously rejected the offer from Signa, finding that a deal would not have been in the best interest of shareholders. Hudson’s Bay said the review of the proposed deal involved consultation with its own advisers, including an in-person meeting with...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.