A new court filing shows a process meant to find a new owner for Hudson’s Bay and its assets has yielded 17 bids.
A report from a court monitor guiding Canada’s oldest company through creditor protection does not name the bidders but says they made offers after the monitor reached out to 407 potential buyers.
Fifty-four of the 407 signed a non-disclosure agreement to get access to Bay data to decide whether to place a binding bid, but less than half wound up making a formal offer.
The court document says the company and those involved in selecting a winner are now evaluating the offers and having discussions with those who made bids….