1. Hudson's Bay Taps Bank of America for Activist Campaign Defense

    Hudson's Bay Taps Bank of America for Activist Campaign Defense

    Hudson's Bay Co. ( HBC ) is working with Bank of America Corp. ( BAC ) to defend itself in a prospective proxy fight against activist investor Jonathan Litt. The Canadian retailer, which owns Saks Fifth Avenue and Lord & Taylor, will review its options to stem the decline in its share price. Litt, under his hedge fund Land and Buildings Investment Management LLC, is pushing for Hudson's Bay to monetize its real estate assets. "Hudson's Bay is a real estate company," he told TheStreet on Tuesday...

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