Jan. 26th, 2006

I'm not nearly as confused as I might seem.
I know what needs to be done, and how I could proceed.
What's the point if you can't reach the end goal?

What would Macchiovelli suggest?
When no means will acheive the end...
Are any still justified?

A chance to use those years of FrImm:
"Un homme n'est pas malheureux parce qu'il a de l'ambition,
mais parce qu'il en est dévoré." Montesquieu
tyresias: (just my luck)
Zucker has bought HBC for $15.25 a share.
The Bay, Zellers, Home Outfitters, Designer Depot, Fields... None of it is Canadian.
I have no idea at this point in time what it will mean for my job in the longterm.
Here's the press release:

Hbc Reaches Agreement with Maple Leaf Heritage Investments Acquisition Corporation
All cash offer to acquire Hbc increased to $15.25 per share - Conditions significantly reduced

TORONTO (January 26, 2006) – The Board of Directors of Hudson's Bay Company (Hbc) has unanimously endorsed an agreement with Maple Leaf Heritage Investments Acquisition Corporation (MLHI), in which MLHI will provide an amended all-cash offer for all outstanding common shares at an increased price of CDN $15.25 per share. The amended offer will expire at 5:00 EST on February 24, 2006 unless extended.

MLHI has also made an all-cash offer for all of the outstanding 7.5% convertible unsecured subordinated debentures due December 1, 2008 of Hbc at a price of CDN $1,010 for each CDN $1,000 principal amount of debentures, plus accrued and unpaid interest to the date the debentures are taken up under the debenture offer.

“The Board has conducted a thorough process to maximize value for the shareholders of Hbc, and after considering several offers for the Company, has unanimously endorsed and is recommending that shareholders tender to the amended offer from Maple Leaf Heritage Investments Acquisition Corporation,” said Yves Fortier, Governor of Hudson's Bay Company.“We are satisfied that the amended offer constitutes full and fair value for the Company.” Read more... )

Profile

tyresias

October 2012

S M T W T F S
 1234 56
78910111213
14151617181920
21222324252627
28293031   

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Feb. 12th, 2026 09:28 am
Powered by Dreamwidth Studios