Hudson's Bay Co. HBAYF

NEWS: Hudson’s Bay Agrees to Sell Half of European Business

[Thechaser]

Austrian real-estate firm Signa Holding offers $1.3 billion for retailer stake https://www.wsj.com/articles/hudsons-bay-agrees-to-sell-half-of-european-business-1530724954 Sorry for the wrong headlines ion the earlier post.

[talladega73]

Until this sale is confirmed by HBC management just consider this European sale just another WSJ bullsh!t rumour, much like the rumour about the sale of the Vancouver store that was posted in early May of this year but never happened.

[bluejay100]

Have to say, though, that this sounds a bit more credible - looks like the original source is coming out of Germany.  Based on the scant detail provided, looks like the buyer has sweetened the deal, plus HBC has the benefit of still having a sizeable stake in the European market.  If the rumour is true, it looks like management, even now, couldn't bear to part with the entire asset.&

[talladega73]

Without HBC confirmation of a deal the rumour is meaningless and the fact there was no stock movement on July 4th is further confirmation the European sale story is BS.