A group of Hudson’s Bay Co. shareholders that includes the retailer’s chairman has made an offer to take the company private, as the owner of Saks and Lord & Taylor struggles with sluggish sales and a depressed stock price. The deal, led by Chairman Richard Baker, Rhône Capital LLC, WeWork Property Advisors and other shareholders—who together control 57% of the shares outstanding—values the company at 9.45 Canadian dollars ($7.12), a 48% premium to its closing share price on Friday.

Source: Wall Street Journal June 10, 2019 13:00 UTC