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.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Nestle takes over sales of Starbucks in grocery aisles
AFP</span>
Published Monday, May 7, 2018 6:42AM EDT
Last Updated Monday, May 7, 2018 10:53AM … Read More...
Air France's stock sinks as government warns on its futurePARIS -- Air France's share price dived Monday after its CEO quit and the French government warned t… Read More...
Nestle to sell Starbucks products in $7B deal
AFP</span>
Published Monday, May 7, 2018 6:42AM EDT
Last Updated Monday, May 7, 2018 7:06AM E… Read More...
Markham, Ont. sells itself as the home for Amazon's HQ2MARKHAM, Ont. - A city just north of Toronto is going it alone to position itself as the home for Am… Read More...
Nestle pays $7.15B to sell Starbucks productsSwiss food giant Nestle announced Monday it will pay $7.15 billion in cash for the rights to market … Read More...
0 Response to "Trading of Hudson's Bay shares halted on Toronto Stock Exchange"
Post a Comment