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Hudson’s Bay Shareholders Offer $1.31 Billion in Deal to Take Company Private

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

A group of Hudson’s Bay Co. shareholders, including executive chairman Richard A. Baker, on Monday offered to take the company private in an all-cash deal. The offer is from Baker and affiliated investors, including Rhône Capital LLC, WeWork Property Advisors, Hanover Investments (Luxembourg) S.A. and Abrams Capital Management L.P. Collectively, they own 57 percent of…

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