HBC chair Richard Baker wins shareholder approval to take retailer private

Hudson's Bay Co. executive chairman Richard Baker has won shareholder approval to take the retailer private. About 98 per cent of the Toronto-based department store owner's shareholders approved the go-private move and about 94 per cent of minority shareholders supported it. The vote comes after a shareholder group headed by Baker increased its going-private offer to $11 per share, winning the backing of rival shareholder Catalyst Capital Group, which had opposed an earlier offer of $10.30 per s