Saks Incorporated To Be Acquired By Hudson Bay


Published 07/29 2013 11:43AM

Updated 07/29 2013 11:48AM

Canadian chain Hudson's Bay company has agreed to buy retailer Saks Incorporated in an all-cash deal.

The transaction is valued at $2.9 billion, including debt.

Under the terms, the Hudson's Bay Company will pay 16-dollars a share for Saks.

The deal pairs Saks Fifth Avenue with Lord and Taylor, which is also owned by Hudson's Bay Company.

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Coupon


Featured Business