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Stocks in play: Hudson’s Bay Company

Baystreet.ca
·1 min read

Said its shareholders voted overwhelmingly in favor of a plan to become a private company at a special meeting of shareholders held earlier today. Shareholders approved the resolution with 98.28% of the votes cast at the meeting being voted in favor of the plan, surpassing the required favorable vote of at least 75%. The special resolution also required approval by a “majority of the minority” shareholders and 94.46% of the votes cast by minority shareholders were voted in favor of the resolution. Hudson’s Bay Company shares T.HBC are trading down $0.02 at $10.94.

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