Hudson's Bay Co. HBAYF

Obvious response from Signa

[seatleslim]

Would be to bid for the whole company, which would be largely self financed in the low twenties.  Their bid for Kaufhof easily imputes that sort of price for the company. Simon would happily take what’s left of the HBS Jv for the price they’ve already paid for their remaining stake.  It would be hard for the BOD to turn that down considering they have shown their cards; ie, they are willing to sell a third of the company for a third of NAV.