1. Chairman’s Bid for Hudson’s Bay ‘Woefully Inadequate,’ Litt Says

    Chairman’s Bid for Hudson’s Bay ‘Woefully Inadequate,’ Litt Says

    (Bloomberg) -- Activist investor Land & Buildings Investment Management has often pushed for change at struggling Hudson’s Bay Co. But not just any change will do -- especially not the chairman’s “woefully inadequate offer” to take the retailer private. The New York hedge fund, run by Jonathan Litt, came out swinging Tuesday against the C$9.45-a-share bid announced last week by Richard Baker and other investors for the remaining stock of Hudson’s Bay...

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    1. We want to be clear: this offer materially undervalues the exceptional assets the company owns.
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