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Retail

Leading shareholder in Saks owner Hudson’s Bay Co. ups bid as tussle for control intensifies

December 2, 2019

Saks Fifth Avenue New York holiday 2019 light show rendering. Image courtesy of Saks Fifth Avenue Saks Fifth Avenue New York holiday 2019 light show rendering. Image courtesy of Saks Fifth Avenue

 

By Staff reports

Saks Fifth Avenue owner Hudson’s Bay Company confirmed it has received an unsolicited offer from one of its largest shareholders to acquire the holding company for $11 (Canadian) a share.

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