August 8, 2019 / 2:03 PM / 2 months ago

Investor Litt calls for removal of Hudson's Bay chairman

Aug 8 (Reuters) - Activist shareholder Jonathan Litt on Thursday called for the removal of Canadian retailer Hudson’s Bay Co Chairman Richard Baker from the board.

Litt said the chairman-led shareholder group’s C$1.74 billion bid for the company was “woefully inadequate” and that he would urge Hudson’s Bay to immediately undertake a plan to monetize its real estate and distribute proceeds to shareholders if the offer was unsuccessful. (Reporting by Shanti S Nair in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below