Quote:
Originally Posted by CoryB
Sorry, was early in the morning so notes are a little scattered.
According the the quick Bloomberg BNN hit that CTV Winnipeg runs in the morning the Hudson Bay executive team/board (?) has approved a plan to sell the Portage Ave building to an unnamed party. A large institutional investor (?) is actively opposing the plan.
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Are you sure this is not in reference to the fact the board wants to sell the company to the largest shareholder, but a new report (which HBC refutes) suggests they should do otherwise?
https://www.bnnbloomberg.ca/hudson-s...-bid-1.1359778
Can't seem to find anything talking about what you mentioned anywhere online, including CTV or Bloomberg's channels. And by all accounts HBC has said they're in a holding pattern with their property when it comes to sales due to the potential sale of the company.