Despite a report that Canadian retailer Hudson's Bay Co. is having a
hard time financing its rumored takeover of Cincinnati-based Macy's
Inc., one analyst still expects an acquisition to occur.
Peel Investments' Parke Shall, writing for Seeking Alpha, said that
Hudson's Bay was the frontrunner of companies potentially looking to
make a bid on Macy's and even if the Toronto company isn't able to
acquire Macy's, there's still a lot to attract a potential private
equity or acquisition transaction.. . . more