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Hudson's Bay Co (HBC.TO)

HBC.TO on Toronto Stock Exchange

9.38CAD
16 Aug 2019
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$-0.02 (-0.21%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Some Hudson's Bay Shareholders Outline Risks Of Catalyst Capital’s Bid
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Hudson's Bay Shareholders::SHAREHOLDERS COLLECTIVELY OWNING 57% OF HUDSON’S BAY COMPANY’S OUTSTANDING COMMON SHARES OUTLINE SIGNIFICANT RISKS OF CATALYST CAPITAL’S COERCIVE PARTIAL BID.SHAREHOLDERS OWNING 57% INCLUDING ENTITIES RELATED TO RICHARD A. BAKER - REITERATE SUBSTANTIAL CASH PREMIUM PROPOSAL FOR ALL HUDSON BAY SHARES.SHAREHOLDERS OWNING 57% INCLUDING ENTITIES RELATED TO RICHARD A. BAKER - LOOK FORWARD TO ENGAGING IN DISCUSSIONS WITH HUDSON BAY'S SPECIAL COMMITTEE.  Full Article

Catalyst Capital To Take Stake in Hudson's Bay, Oppose Insider Buyout Proposal
Monday, 22 Jul 2019 

July 22 (Reuters) - Hudson's Bay Co ::CATALYST CAPITAL ANNOUNCES OFFER TO PURCHASE COMMON SHARES OF HUDSON'S BAY COMPANY.$150 MILLION OFFER IS FOR $10.11 PER COMMON SHARE OF HBC PAYABLE IN CASH FOR UP TO 14,836,795 COMMON SHARES.WILL OPPOSE INSIDER BUYOUT PROPOSAL & REQUESTS SPECIAL COMMITTEE TO EXPLORE ALTERNATIVES FOR HUDSON'S BAY.  Full Article

HBC Chief Financial Officer To Take Medical Leave Of Absence
Monday, 17 Jun 2019 

June 17 (Reuters) - Hudson's Bay Co ::HBC’S CHIEF FINANCIAL OFFICER TO TAKE MEDICAL LEAVE OF ABSENCE.HUDSON'S BAY CO - BECKY ROOF APPOINTED INTERIM CFO.HUDSON'S BAY CO - CHIEF FINANCIAL OFFICER ED RECORD WILL BE TAKING A MEDICAL LEAVE OF ABSENCE, EFFECTIVE TODAY.  Full Article

Hudson's Bay Shareholders Submit Take-Private Proposal
Monday, 10 Jun 2019 

June 10 (Reuters) - :SHAREHOLDERS COLLECTIVELY OWNING 57% OF HUDSON'S BAY COMPANY'S OUTSTANDING COMMON SHARES SUBMIT TAKE-PRIVATE PROPOSAL FOR C$9.45 PER SHARE IN CASH.GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED TAKE-PRIVATE TRANSACTION WILL NOT BE CONTINGENT ON FINANCING.GROUP OF HUDSON'S BAY SHAREHOLDERS - PURCHASE PRICE EQUAL TO PRICE AGREED BY OTPPB FOR SALE OF ITS BLOCK OF ABOUT 10% SHARES OF HBC.GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED TRANSACTION CONDITIONED ON RECEIPT OF PROCEEDS FROM SALE OF SOME EUROPEAN JV INTERESTS TO SIGNA.GROUP OF HUDSON'S BAY SHAREHOLDERS - NOT SUPPORTIVE OF ANY ALTERNATIVE DISTRIBUTION TO SHAREHOLDERS OF PROCEEDS FROM EUROPEAN TRANSACTION..GROUP OF HUDSON'S BAY SHAREHOLDERS - SHAREHOLDERS INCLUDE ENTITIES RELATED TO EXECUTIVE CHAIR OF HBC, RHÔNE CAPITAL, WEWORK PROPERTY ADVISORS, AMONG OTHERS.GROUP OF HUDSON'S BAY SHAREHOLDERS - SHAREHOLDERS ALSO INCLUDE ENTITIES RELATED TO HANOVER INVESTMENTS S.A., ABRAMS CAPITAL MANAGEMENT.GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED PRIVATIZATION TRANSACTION WOULD BE FUNDED FROM PROCEEDS OF EUROPEAN TRANSACTION, DEBT FINANCING RAISED.GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED PRIVATIZATION TRANSACTION WOULD ALSO BE FUNDED FROM CONTINUING SHAREHOLDERS' EQUITY INTEREST.  Full Article

Hudson's Bay executive chair spearheading bid to take retailer private- The Globe and Mail
Monday, 10 Jun 2019 

June 10 (Reuters) - :RICHARD BAKER, EXECUTIVE CHAIRMAN OF HUDSON’S BAY CO., IS LEADING A GROUP THAT IS MAKING AN OFFER TO TAKE THE RETAILER PRIVATE- THE GLOBE AND MAIL.HBC HAS DEAL TO SELL ROUGHLY HALF OF ITS EUROPEAN OPERATIONS THAT IT STILL OWNS TO ITS PARTNER OVERSEAS FOR ABOUT C$1.5 BILLION - THE GLOBE AND MAIL.  Full Article

Hbc Agrees To Sell Remaining European Real Estate And Divest Related Retail Joint Venture For $1.5 Billion
Monday, 10 Jun 2019 

June 10 (Reuters) - Hudson's Bay Co ::PRESS RELEASE - HBC AGREES TO SELL REMAINING EUROPEAN REAL ESTATE AND DIVEST RELATED RETAIL JOINT VENTURE FOR $1.5 BILLION.HBC AGREES TO SELL REMAINING EUROPEAN REAL ESTATE AND DIVEST RELATED RETAIL JOINT VENTURE FOR $1.5 BILLION.HUDSON'S BAY CO - UPON CLOSE, HBC WILL COMPLETELY EXIT ITS GERMAN OPERATIONS..HUDSON'S BAY - A PORTION OF TRANSACTION'S NET PROCEEDS WILL BE USED TO FORTIFY HBC'S BALANCE SHEET BY FULLY REPAYING OUTSTANDING $436 MILLION TERM LOAN..HUDSON'S BAY CO - EXPECTS TO UNDERTAKE COST SAVINGS INITIATIVES INCLUDING, AMONG OTHERS, CERTAIN STORE CLOSURES..HUDSON'S BAY - WILL ASSUME OWNERSHIP OF NETHERLANDS RETAIL BUSINESS, AND RELEASE SIGNA FROM ITS 50.01% BACK-TO-BACK GUARANTEE OF CERTAIN OBLIGATIONS.HUDSON'S BAY CO - SIGNA WILL ASSUME GERMAN LIABILITIES FROM HBC.HUDSON'S BAY CO - HAS RETAINED A FINANCIAL ADVISOR TO REVIEW OPTIONS FOR NETHERLANDS BUSINESS, WHICH HAS NOT PERFORMED TO EXPECTATIONS.HUDSON'S BAY CO - AT SIGNING, SIGNA DELIVERED A DEPOSIT OF $150 MILLION.  Full Article

Hudson's Bay To Pay $4.5 Mln To Settle Competition Bureau Investigation
Wednesday, 8 May 2019 

May 8 (Reuters) - Competition Bureau::HUDSON'S BAY TO PAY $4.5 MILLION TO SETTLE COMPETITION BUREAU INVESTIGATION.COMPETITION BUREAU- HUDSON'S BAY SETTLEMENT RESOLVES NEED FOR LITIGATION THAT WAS SCHEDULED TO BEGIN AT COMPETITION TRIBUNAL ON MAY 6.COMPETITION BUREAU - UNDER SETTLEMENT, HUDSON'S BAY WILL ALSO ENSURE THAT MARKETING OF ALL SLEEP SETS COMPLIES WITH PROVISIONS OF COMPETITION ACT.COMPETITION BUREAU - HUDSON'S BAY WILL ESTABLISH & MAINTAIN CORPORATE-WIDE COMPLIANCE PROGRAM "THAT WILL PROMOTE COMPLIANCE WITH THE COMPETITION ACT".COMPETITION BUREAU - HUDSON'S BAY AGREED TO PAY $4 MILLION PENALTY AND $500,000 TOWARDS COMPETITION BUREAU'S COSTS.COMPETITION BUREAU - HUDSON'S BAY TO PAY PENALTY TO RESOLVE PROCEEDING RELATING TO HUDSON'S ADVERTISING & PRICING PRACTICES FOR SLEEP SETS IN CANADA.  Full Article

Hudson's Bay Reports Qtrly Earnings Per Share Of $1.20
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Hudson's Bay Co ::HUDSON'S BAY - QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.95.HBC REPORTS FOURTH QUARTER AND FISCAL 2018 FINANCIAL RESULTS.Q4 SALES C$2.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$3.22 BILLION.COMPANY'S Q4 COMPARABLE SALES DECREASED 1.4%, WITH COMPARABLE DIGITAL SALES UP 8.7%.HBC EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2019, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $300 MILLION AND $325 MILLION.QTRLY EARNINGS PER SHARE $1.20.INVENTORY AS REPORTED ON HBC'S BALANCE SHEET AT END OF Q4 DECLINED BY $854 MILLION COMPARED TO PRIOR YEAR."WE ARE A FAR STRONGER COMPANY TODAY THAN A YEAR AGO, DESPITE SOME OF TOP-LINE CHALLENGES THIS QUARTER".HUDSON'S BAY SAYS STRENGTH OF SAKS FIFTH AVENUE CONTINUED.SAKS FIFTH AVENUE'S Q4 COMPARABLE SALES GREW 3.9%.QTRLY NORMALIZED NET INCOME PER SHARE $0.41.  Full Article

HBC Reports Qtrly Total Loss Per Share C$0.69
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Hudson's Bay Co ::HBC REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 SALES ROSE 5.6 PERCENT TO C$2.2 BILLION.Q3 SAME STORE SALES ROSE 2.9 PERCENT.QTRLY NET LOSS FROM CONTINUING OPERATIONS WAS $124 MILLION COMPARED TO A NET LOSS $116 MILLION IN PRIOR YEAR.EXPECT TO FULLY REPAY $U.S.400 MILLION MORTGAGE ON LORD & TAYLOR FLAGSHIP WHEN WE CLOSE SALE OF BUILDING AT END OF JANUARY.INVENTORY AS REPORTED ON BALANCE SHEET AT END OF Q3 DECLINED BY $907 MILLION COMPARED TO PRIOR YEAR.QTRLY TOTAL LOSS PER SHARE C$0.69.  Full Article

German Regulator Approves Merger Kaufhof, Karstadt
Friday, 9 Nov 2018 

Nov 9 (Reuters) - German Federal Cartel Office::SAYS APPROVES MERGER OF HUDSON'S BAY CO'S HBC.TO KAUFHOF, SIGNA'S KARSTADT.  Full Article

Investor Litt calls for removal of Hudson's Bay chairman

Activist shareholder Jonathan Litt on Thursday urged for the removal of Hudson's Bay Co Chairman Richard Baker from the board, saying the executive's recent buyout offer showed that his interests were not aligned with minority shareholders.