Author Topic: Target to buy Hudson's Bay Company?  (Read 136 times)

Suga Foot

Target to buy Hudson's Bay Company?
« on: August 23, 2004, 03:12:20 PM »
Forbes.com


U.S.-based Target Corp. may be nearing a deal to buy part or all of Canadian retailing giant Hudson's Bay in a deal that could be worth nearly $860 million, according to a published report.

The Globe and Mail newspaper reported Friday that the two companies are in advanced discussions, citing unidentified sources who said a deal could be announced within the next two weeks - although talks could also still break off.

The newspaper also said that Target, which is based in Minneapolis, was expected to offer as much a $857 million if it bids for the entire firm.

HBC spokeswoman Hillary Stauth declined to comment, saying, "We aren't prepared to comment on rumors."

A message left with Target seeking comment on the report was not immediately returned Friday.

HBC owns The Bay department stores and Zellers, a discount department chain that competes with Wal-Mart in Canada. Minneapolis-based Target operates more than 1,200 Target and SuperTarget discount department stores.




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It makes sense to me that Target would buy Zellers, because it's basically the same store.  But HBC is the oldest company in the world.  It's been around for over 300 years!  It would be wierd to see it gone. 
 

Trauma-san

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Re: Target to buy Hudson's Bay Company?
« Reply #1 on: August 23, 2004, 04:34:21 PM »
I'm pretty sure there's Target's in Australia. 
 

Sikotic™

Re: Target to buy Hudson's Bay Company?
« Reply #2 on: August 23, 2004, 05:11:52 PM »
I didn't even know Hudson Bay was worth a shit.
 

Lincoln

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Re: Target to buy Hudson's Bay Company?
« Reply #3 on: August 23, 2004, 09:11:39 PM »
A bit hurtful to Canadian culture to be honest.

Most hip-hop is now keyboard driven, because the majority of hip-hop workstations have loops and patches that enable somebody with marginal skills to put tracks together,...

Unfortunately, most hip-hop artists gravitated towards the path of least resistance by relying on these pre-set patches. As a result, electric guitar and real musicians became devalued, and a lot of hip-hop now sounds the same.

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