HBC says updated valuation shows take-private offer is fair to shareholders

The release says that TD Securities determined that the payment to the common shareholders of HBC “is fair, from a financial point of view, to such shareholders.”

A vote on the transaction will be held at special meeting of shareholders on February 27, and to pass it will need at least 75 per cent of the votes cast by all shareholders and at least a simple majority of votes by minority shareholders, including Catalyst. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

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HBC says new valuation has determined that takeover offer is fair for shareholdersA special committee of Hudson Bay's board is reaffirming its endorsement of a buyout of shares to take the company private after receiving an updated valuation, one of the conditions of a deal that was announced earlier this month.
Source: CTVNews - 🏆 1. / 99 Read more »

HBC says new valuation has determined that takeover offer is fair for shareholdersA special committee of Hudson Bay's board is reaffirming its endorsement of a buyout of shares to take the company private after receiving an updated valuation, one of the conditions of a deal that was announced earlier this month.
Source: CTVNews - 🏆 1. / 99 Read more »