|Bid||11.28 x 0|
|Ask||11.32 x 0|
|Day's Range||11.24 - 11.36|
|52 Week Range||8.08 - 15.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 6, 2017|
|Forward Dividend & Yield||0.05 (0.38%)|
|1y Target Est||15.10|
The Ontario Securities Commission (OSC) adjourned a hearing on Friday of activist fund Land and Buildings' appeal against a conditional approval for a $500 million investment in luxury retailer Hudson's Bay Co from Rhone Capital. The OSC, Canada's biggest securities regulator, said the hearing will be held from Dec. 6. Jonathan Litt-led Land and Buildings had appealed against the Toronto Stock Exchange's conditional approval for the investment.
HBC is scheduled to announce full financial results for the quarter ended October 28, 2017 before the opening of the financial markets on December 6, 2017. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
More activist-targeted companies finding a so-called white squire private equity investors to help them fend off insurgent hedge fund managers.
Canadian department store operator Hudson's Bay Co said it saw no merit in activist fund Land and Buildings' recent appeal against the Toronto Stock Exchange's conditional approval for a $500 million investment from Rhone Capital. Hudson's Bay said on Wednesday it had written consent for the equity investment from shareholders representing well over 50 percent of its outstanding common shares. Land and Buildings had filed the appeal with the Ontario Securities Commission, Hudson's Bay said.
HBC today provided a regulatory update in respect of Rhône Capital’s equity investment of U.S. $500 million in the form of 8-year mandatory convertible preferred shares, which was previously announced as part of a series of interconnected and strategic transactions with Rhône Capital, WeWork Companies and certain of their affiliates.
Firm says deal was dilutive and unfair to common shareholders. Company has said it was typical of such transactions and was negotiated at arm's length.
As Hudson's Bay Co steps up the pace of extracting value from its $5 billion property portfolio, the department store chain's shareholders want it to reduce debt, return cash to them and not invest the proceeds in traditional retail operations. Hudson's Bay is not new to selling real estate, but its actions are under greater scrutiny amid rising tensions between the company and activist hedge fund Land & Buildings, which says it holds about 5 percent of the company. The fund wants the owner of Saks Fifth Avenue and Lord & Taylor to sell or convert stores to alternate uses and transform itself into a real estate play.
Wal-Mart Stores Inc said on Monday it will offer Hudson's Bay Co- owned department store chain Lord & Taylor dedicated space on its website, as it looks to make deeper inroads into the fast-growing online fashion business. The world's largest retailer will start offering higher-end clothing and accessories from Lord & Taylor to its customers in spring 2018. The partnership will allow Lord & Taylor to open a virtual storefront on Walmart.com and boost customer traffic to its website by reaching a wider audience.
Wal-Mart Stores Inc. will add products from Lord & Taylor to its website, bringing together America’s oldest department store with its biggest retailer in a push to take Wal-Mart’s dowdy brand upmarket....
FRANKFURT (Reuters) - Austria's Signa, which is trying to buy German department-store chain Kaufhof from Hudson's Bay (HBC.TO) for 3 billion euros (2.65 billion pounds), has bought five trophy assets from ...
Austria's Signa, which is trying to buy German department-store chain Kaufhof from Hudson's Bay for 3 billion euros , has bought five trophy assets from RFR in Germany's biggest real-estate transaction ...
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Hudson’s Bay Co. Here are 5 ETFs with the largest exposure to HBC-CA. Comparing the performance and risk of Hudson’s Bay Co. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
HBC today provided an update on the previously announced series of strategic transactions with WeWork Companies , Rhône Capital , and an affiliate of WeWork Property Advisors , a joint venture between WeWork and Rhône.
HBC or the “Company” today announced the appointment of Milton Pappas to Chief Marketing Officer, effective immediately. In this role, Mr. Pappas will lead the Marketing Center of Excellence , charged with executing the marketing strategies of the Company’s North American retail businesses.
TORONTO, Nov. 3, 2017 /CNW/ - Hudson's Bay and Saks Fifth Avenue unveiled their much-anticipated, annual holiday windows to Toronto on Thursday, November 2. The evening featured a magnificent event for the city, presented by Cadillac Fairview, including a show-stopping performance by three-time Grammy® Award-winning and multi-platinum-selling artist Pentatonix.
HBC today responded to the inaccurate public statements made by Land & Buildings in its press release issued November 1, 2017 regarding the Company’s previously announced strategic transactions involving the sale of the Lord & Taylor Fifth Avenue building and the sale of a minority equity stake to Rhone Capital LLC.
TORONTO , Nov. 1, 2017 /CNW/ - Trading resumes in: Company: Hudson's Bay Company TSX Symbol: HBC (all issues) Resumption (ET): 1:15 PM IIROC can make a decision to impose a temporary suspension (halt) ...
HBC , at the request of Investment Industry Regulatory Organization of Canada , is commenting on market speculation regarding an unsolicited offer for its German business.
TORONTO , Nov. 1, 2017 /CNW/ - The following issues have been halted by IIROC: Company: Hudson's Bay Company TSX Symbol: HBC (all issues) Reason: Pending News Halt Time (ET): 11:23 AM ET IIROC can make ...
Toronto, Ontario--(Newsfile Corp. - November 1, 2017) - The following issues have been halted by IIROC: Company: Hudson's Bay Company TSX Symbol: HBC (all issues) ...
LONDON, UK / ACCESSWIRE / October 31, 2017 / Pro-Trader Daily has lined up these stocks for our daily research reports coverage. Before the markets open, Pro-TD makes a brief technical snapshot of select ...
RioCan-HBC JV , a joint venture between HBC and RioCan Real Estate Investment Trust announced today that it has engaged CBRE and Brookfield Financial Real Estate Group to explore a possible sale of its Vancouver property located at 674 Granville Street and currently occupied under a long term lease by Hudson’s Bay.