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Department Stores M&A image Department Stores M&A » By The Online Investor Staff, updated Mon., Jul. 4, 10:33 AM Recent mergers and acquisitions in the Department Stores M&A category.

Slide #11. Hudson's Bay Company Saks Incorporated

Acquirer: Hudson's Bay Company (HBC.CA)
Acquiree: Saks Incorporated
Details: Hudson's Bay Company (TSX:HBC.CA) ("HBC" or the "Company") is pleased to announce that it has successfully completed its previously announced acquisition (the "Acquisition") of all of the outstanding shares of Saks Incorporated ("Saks") for US$16.00 per share in an all-cash transaction valued at approximately US$2.9 billion, including debt.

Hudson's Bay is a retailer offering merchandise in Canada and the United States under Hudson's Bay, Home Outfitters and Lord & Taylor banners. In Canada, Co. operates Hudson's Bay, Canada's national branded department store. In the United States, Co. operates Lord & Taylor, a department store with locations throughout the northeastern United States and in two cities in the Midwest. Co. also operates Home Outfitters, a kitchen, bed and bath store with locations across Canada. Co.'s trademarks include Hudson's Bay Company®, HBC®, Hudson's Bay®, Lord & Taylor®, Home Outfitters®, The Room®, BlackBrown 1826® and Topshop®. As of Feb 2 2013, Co. had a total of 207 stores in North America.

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Company Name: 
Hudson's Bay Co.
Department Stores

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