OTCPK:HBAYF - Post by User
Comment by
MrPumpandDump1on Oct 24, 2017 7:32pm
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Post# 26853477
RE:Going Private Now More Certain
RE:Going Private Now More Certain2j3kl wrote: Next up is the merging of its German Kaufhof business with other German companies. Rumours have circulated that Kaufhof could merge with Germany's other major department store chain, Karstadt.
This would free up more capital and improve HBC's financial leverage beyond the large step taken today.
We know that the Litt-controlled Land & Buildings has this on the top of its agenda and which also includes for HBC to sell its Saks Fifth Avenue brand and think of it more as a real estate investment, rather than just a department store.
That two executives have left recently is a big clue that a going private transaction may be imminient.
Todays transaction makes that much easier and that there should be no shortage of committed partners.
Besides, the loonie is even cheaper...
you know something is happening behide the scenes when this is happening https://www.bnn.ca/hudson-s-bay-reassures-german-workers-after-kaufhof-ceo-quits-1.892703