Deals
Hudson’s Bay Said to Hold Early Takeover Talks With Macy’s
- Canadian retailer could be seeking more U.S. real estate
- Talks come as industry emerges from sluggish holiday sales
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Hudson’s Bay Co. is in early stage talks with Macy’s Inc. about a possible takeover of the struggling department-store chain, according to a person familiar with the matter.
Discussions are preliminary, and a full takeover may not be the only option on the table, the person said, asking not to be identified as the details aren’t public.