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Department Stores M&A image Department Stores M&A » By The Online Investor Staff, updated Wed., Apr. 14, 4:17 PM Recent mergers and acquisitions in the Department Stores M&A category.

Slide #16. Hudson's Bay Company Saks Incorporated

Acquirer: Hudson's Bay Company (HBC.CA)
Acquiree: Saks Incorporated (SKS)
Details: Hudson's Bay Company (TSX:HBC.CA) ("HBC" or the "Company") and Saks Incorporated (NYSE:SKS) ("Saks") announced today that they have entered into a definitive merger agreement whereby HBC will acquire Saks for US$16.00 per share in an all-cash transaction valued at approximately US$2.9 billion, including debt. The transaction has been approved by each company's board of directors and is expected to close before the end of the calendar year, subject to approval by Saks shareholders, regulatory approvals and other customary closing conditions.

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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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 SKS Page at The Online Investor »

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

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