27-02-2020 16:43 via ctvnews.ca

HBC chairman 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 after months of trying to appease rival shareholders and making a trip to the Ontario Securities Commission. About 98 per cent of the Toronto-based department store owner's shareholders and 94 per cent of its minority shareholders voted in favour of going private at a Thursday meeting. "It's been a long journey," Baker told The Canadian Press just after the vote. "I feel very good that it
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