Hudson’s Bay Completes Saks Acquisition
Hudson’s Bay announced it successfully completed its previously announced acquisition of all of the outstanding shares of Saks
November 6, 2013
Hudson's Bay | Saks
ABF Journal
Hudson’s Bay announced it successfully completed its previously announced acquisition of all of the outstanding shares of Saks
Bloomberg reported that Bank of America and Royal Bank of Canada provided $1.9 billion in term loans to finance HBC’s previously announced acquisition of Saks, citing regulatory filings.
Lord & Taylor parent Hudson’s Bay Company and Saks agreed to merge in an all-cash transaction valued at approximately $2.9 billion. BofA Merrill and RBC provided HBC with fully committed credit facilities to help finance the transaction.