Hudson Bay shareholders form group to take retailer private: Wall Street Journal

A consortium comprised of Hudson Bay shareholders has made an offer to take the retailer private, the Wall Street Journal reported. The group includes Chairman Richard Baker, Rhône Capital LLC, WeWork Property Advisors and other shareholders that together control 57 percent of Hudson Bay shares outstanding, the story said. The deal values Hudson Bay at 9.45 Canadian dollars ($7.12) a share.