Hudson's Bay Co. T.HBC

RE:HBC Top Shareholder Says Accept Signa offer

[seatleslim]

Obviously helpful comments by CI investment, but the only sure way to change direction is by turning  Ontario Teachers and or Hanover Investments. The offer from Signa is either real or not real.  If it’s real, it seems unlikely those entities would vote against the interests of their beneciaries/constituency. The seeking alpha article seems transparently sponsored by the company. Sure, I’m suspicious, but they have the funding or they don’t. Why coach me or any other shareholder on how to think about it when we will all know one way or another soon enough.  

As as for a connection with Litt, that seems ludicrous, unless they are sharing notes for their respective selfish interests. The idea that an entity like Signa going to make a phony bid for a bribe to help Litt out, a 4% owner (on behalf of others) is idiotic. That the author wants shareholders to believe that tells me everything I need to know.

Not tot toot litts horn, but he narrowly lost the taubman proxy contest even though insiders controlled 30% of the votes. He also had the backing of ISS and others, not easy to do as an outsider. Anyone who understands the situation knows he was right.  The worst I can say about him is that he was a little crazy for trying. In this case, I’m betting there is a board member or two that has invited this, if only tacitly.