|Bid||10.99 x 0|
|Ask||11.00 x 0|
|Day's Range||10.99 - 11.00|
|52 Week Range||7.99 - 11.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep. 10, 2020 - Sep. 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.00|
A lawyer for Mudrick, which holds portions of Neiman Marcus's roughly $5 billion (4.1 billion pounds) of debt, wrote in a letter to the directors that a sale or merger with Saks would result in better financial recoveries for creditors than the company's current plan to restructure and hand control to senior lenders. Saks owner Hudson's Bay Co in 2017 explored a Neiman Marcus takeover but did not ultimately pursue it, Reuters previously reported.
Fashion rental service start-up Le Tote acquired Lord & Taylor last year from Saks Fifth Avenue owner Hudson's Bay Company for C$100 million. Hudson's Bay kept ownership of some of Lord & Taylor's real estate and assumed responsibility for its rent payments, amounting to tens of millions of dollars a year. Lord & Taylor did not immediately respond to a request for comment.
Hudson’s Bay Provides Update on Response to COVID-19