Deals
Hudson’s Bay Chairman Offers Escape Path From Retail’s Carnage
- Proposal to go private follows years of stock market declines
- Company will have more flexibility if it goes private: analyst
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Hudson’s Bay Co. has tried everything to appease shareholders, from cutting costs to selling off assets. None of it has halted the stock’s steady decline, so Chairman Richard Baker is stepping in with a cash bid valued at about C$1.74 billion ($1.31 billion) to take the company private.