September 6, 2017 / 7:36 PM / 3 months ago

Land and Buildings warns of proxy fight with Hudson's Bay

Sept 6 (Reuters) - Activist investor Land and Buildings Investment Management threatened a proxy fight with Hudson’s Bay Co on Wednesday, after the Canadian department store chain reported lackluster second quarter results.

The investor said if the company failed to address its underperformance, then it could call a special meeting to remove directors.

HBC’s shares reversed course to trade up 3.02 percent on Wednesday, after falling as much as 6.4 percent, a day after posting a steeper-than-expected loss in the second quarter. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Arun Koyyur)

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