Hudson Bay Attempts to Go Private to Save Saks, Lord & Taylor

The Wall Street Journal reported that a group of investors is attempting to take the Hudson Bay Company private in an attempt to save iconic department stores Saks Fifth Avenue and Lord and Taylor._x000D_
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According to the Journal, the company’s stock has fallen by 50% over the past year, but has soared after the announcement of the roughly $1.3 billion takeover offer this week.