$2.9 Billion Secures Saks For Hudson Bay - Presented by: The Aol. On Network

After weeks of speculation over who would step forward to buy Saks (SKS), investors found out this morning that it would be Hudson Bay, the parent company of the Lord & Taylor brand. Saks shareholders will receive $16 per share, a 5% premium over Friday's closing value, and values the entire deal at $2.9 billion including debt.



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