U.S.-based Target Corp. may be nearing a deal to buy part or all of Canadian retailing giant Hudson’s Bay in a deal that could be worth nearly $860 million, according to a published report.
The Globe and Mail newspaper reported Friday that the two companies are in advanced discussions, citing unidentified sources who said a deal could be announced within the next two weeks — although talks could also still break off.
The newspaper also said that Target, which is based in Minneapolis, was expected to offer as much a $857 million if it bids for the entire firm.
I’ll point out, as always, that I do not speak for my employer – and I post this only as a reference to this news article.
But interesting news nonetheless.