Tuesday, March 6, 2018

Macy's takeover will happen with or without Hudson's Bay, analyst says

Retail Dive

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.

Orange 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

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