TORONTO -- Trading of Hudson's Bay Co. (TSX:HBC) shares has been temporarily suspended on the Toronto Stock Exchange.
The halt follows a tumultuous couple of months for the retailer.
In September, an activist investor in Hudson's Bay threatened to seek the removal of company directors unless it unlocked the substantial value in its real estate holdings.
Last month, the company sold off its storied Lord & Taylor property in the heart of New York City.
As part of the $1.6 billion deal, Hudson's Bay will lease out office space in its other locations, including floors of its downtown Toronto and Vancouver stores.
Earlier in the week, the retailer said it may sell its downtown Vancouver property.
Bagikan Berita Ini
Related Posts :
U.K. leader warns Brexit critics risk damaging British democracy- Cash-handling machines being upgraded to handle new $10 Viola Desmond bills
- Vancouver's first two licensed marijuana retailers open for business
- Some countries with large elephant populations want ivory trade expanded
- Powell says he would reject any Trump request to resign
0 Response to "Trading of Hudson's Bay shares halted on Toronto Stock Exchange"
Post a Comment