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

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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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