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You are here: Home / Business / Target Eyeing Hudson Bay

Target Eyeing Hudson Bay

by Bryan Strawser · Aug 13, 2004

The Associated Press, via Yahoo! Finance is carrying this report about my employer:

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.

Filed Under: Business, Retail

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