Activist investor Land & Buildings Investment Management LLC said on Tuesday that a $1.74-billion go-private proposal for Hudson’s Bay Co. from the company’s chairman and other shareholders was “woefully inadequate”.
The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of Hudson’s Bay’s real estate and retail banners.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience.
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