Hudson's Bay Co. HBAYF

Litt is assessing the offer...

[Thechaser]

"Mr. Litt is assessing the privatization offer but thinks it should be much higher, a source familiar with Mr. Litt’s thinking said, who asked to remain unnamed because he was not authorized to speak publicly."

https://www.theglobeandmail.com/business/article-hbc-sales-fall-after-last-years-bet-on-cheaper-fashions/

[Thechaser]

"Oliver Chen, retail analyst at Cowen & Co. in New York, said this week the go-private proposal “appears modest” based on his “sum-of-parts” analysis and the “significant underlying real estate value.” Mr. Chen estimates HBC is worth as much as $13.10 a share “depending on various assumptions.”

[oceaneleven]

Dear David Leith, Stephanie Coyles, Wayne Pommen, Earl Rotman and Matthew Rubel, In writing to you, the independent members of the Board assigned to the Special Committee to evaluate the Management Buyout Group’s proposal to purchase Hudson’s Bay at C$9.45 per share, we want to be clear: this offer materially undervalues the exceptional assets the Company owns. Hudson’s Bay CEO Helena Foulkes