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Hudson's Bay in agreement with Land & Buildings on Rhone investment
December 1, 2017 / 4:58 PM / 13 days ago

Hudson's Bay in agreement with Land & Buildings on Rhone investment

Dec 1 (Reuters) - Canadian retailer Hudson’s Bay Co said on Friday it reached an agreement with Land & Buildings, under which the activist investor would withdraw its appeal against the conditional approval given for Rhone Capital’s investment.

Hudson’s Bay had said Rhone Capital would invest $500 million in the form of eight-year mandatory convertible preferred shares. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D‘Silva)

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