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Majority of Hudson's Bay shareholders back $500 mln Rhone investment
November 27, 2017 / 12:15 PM / 16 days ago

Majority of Hudson's Bay shareholders back $500 mln Rhone investment

Nov 27 (Reuters) - Canadian retailer Hudson’s Bay Co said almost two-thirds of its shareholders supported a $500 million investment by Rhone Capital, which was opposed by activist fund Land and Buildings LLC earlier this month.

The Ontario Securities Commission (OSC) on Friday adjourned a hearing of the fund’s appeal against a conditional approval for the investment. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Maju Samuel)

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