February 3, 2017 / 3:21 PM / 8 months ago

Hudson's Bay makes takeover approach to Macy's - WSJ

Feb 3 (Reuters) - Canadian department store operator Hudson’s Bay Co has made a takeover approach to U.S. department store chain Macy’s Inc, the Wall Street Journal reported, citing sources.

Shares of Macy's, which had a market value of about $9.4 billion as of Thursday's close, were up 7.3 percent at $32.96. on.wsj.com/2jKYQ9s (Reporting by Siddharth Cavale in Bengaluru; Editing by Anil D'Silva)

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