The Online Investor
Department Stores M&A image Department Stores M&A » By The Online Investor Staff, updated Tue., Apr. 20, 2:22 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.

Open the HBC.CA Page at The Online Investor »

Company Name: 
Hudson's Bay Co.
Website: 
www.hbc.com
Sector: 
Department Stores
 

Open the HBC.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes


Department Stores M&A - Slide 11 of 27 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.