American Buyout Of Hudson's Bay Co.

As an Albertan, I'd like to say YEEEEY!

I should be allowed better health care, if I'm willing to fork out lots of money for it. Providing that money goes to better health care to those who can't afford to pay.

Why does my cynical side feel that this would never happen?

Ummm ? Right comment, wrong story?

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"If you must kill a man, it costs you nothing to be polite about it." Winston Churchill

On topic - It was about time. HBC,Zellers, and Home Outfitters have declined in service, sales and reputation. Maybe Zucker can restore some of the bloom.

Just another money grab in the shareholder speculation game. The majority shareholders of HBC ( board of directors)make out like bandits. A classic example of the company leaders being too lazy to innovate and improve themselves. Just sell out and line thy pockets.

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Dave Ruston

This reminds me of when the Vancouver Grizzlies were bought out by that American whose name I cannot remember. He went to great lengths to state he would keep the team in Vancouver, that nothing would change. He even made a lame attempt to sing the national anthem at a game one night. After the season ended he announced he was packing the team up and heading to Memphis. Oh it was a difficult decision, didn't want to do it, fake tears blah blah.

Zucker is saying the same thing about HBC. Things won't change. Yeah right. He bought HBC for the real estate and we will soon be seeing Walmarts in the place of our historic department store. That's a guarantee.

Canada is running out of heritage items to sell. Not much left of the Canadian department stores either, to sell the chinese imported wares.. Maybe they can use the local Zellars to sell discontinued items and for bankruptcy sales. With Walmart & Home Depot here, I'm sure they'll find lots to sell.

The oldest Canadian retail chain has been sold off to another foreign, US investor but when the announcement was made on CBC radio this morning it was as if your fairy godmother has just granted you three wishes. No analysis. Just a dearth of information delivered in a glib manner. There is no such thing as Canadian retail anymore. Hudsons Bay has gone the way of Eatons, Aikenheads, Simpsons, Future Shop, Shoppers Drug Mart, Fairweather, Suzy Shier and Club Monaco. But never you mind Canada. All you really need is Walmart.

Wait a minute! <br />
What is the truth about this company.<br />
How did they come by their charter?<br />
Becausethey didbusiness here does that mean we celebrate them as "Canadian"?<br />
<a href="http://www.cleanclothes.org/urgent/02-03-13.htm">http://www.cleanclothes.org/urgent/02-03-13.htm</a><br />
<a href="http://www.solon.org/Constitutions/Canada/English/PreConfederation/hbc_charter_1670.html">http://www.solon.org/Constitutions/Canada/English/PreConfederation/hbc_charter_1670.html</a><br />
<a href="http://www.gov.mb.ca/chc/archives/hbca/about/the_bay.html">http://www.gov.mb.ca/chc/archives/hbca/about/the_bay.html</a><p>---<br>"There is no reason good can't triumph over evil, if only angels will get organized along the lines of the mafia." <br />
Kurt Vonnegut

<p>Wouldn’t this buyout be contingent on approval from Investment Canada?</p> <p>It’s also quite likely that Zucker stipulated some minimum percentage of shares tendered for his offer to be valid — so it’s not a done deal yet.</p><p>---<br>Shatter your ideals upon the rock of Truth.<br />
<br />
— The Divine Symphony, by Inayat Khan<br />

Has anybody ever heard of Investment Canada refusing a foreign takeover bid ?

A good friend of mine is a long time, professional investor, who retired at 40 and that's all he does. So he knows the rackets. According to him if Wendy's hadn't bought the Tim Horton chain, they would be in big trouble, as that's where they make their profits. At the same time, very few Canadians even know that Tim Horton's is now really Wendy's.

The US dollar is worthless and American investors are buying up solid resources all over the world to have something in their hands when the inevitable collapse of the dollar comes.

The Chinese are the largest dollar holders at this time and they're also beginning to divest, while gold prices are climbing, showing that large investors are getting rid of their imaginary dollar and monetary holdings.

One of the main reasons for the nuclear rattling against Iran is their plan for a new oil bourse by March, based on Euros and gold. The same reason Iraq was attacked for. The USA can not affort to let this happen, as it would mean the end of the dollar hegemony and the beginning of the end of the empire.

The Zucker plan of rejuvenating the HB is hot air. When the plan fails, it will give him the excuse to shut down the stores and liquidate the real estate.

Our economic thinkers should know all this, but they're so blinded by their own brainwash propaganda that they couldn't distinguish between real economics and their own tail ends.

Ed Deak.

Yep, that`s right! When Nixon abandoned the Bretton-Woods agreement, the US dollar no longer was pegged to gold reserves. This forced other countries to assume large chunks of US debt, and guess which country got hit the hardest? Yep, Canada. So, it wasn`t Trudeau that put us in debt originally, but Nixon! Then the US began to wildly print dollars on worthless papaer, causing the REAL inflationary spikes of the 70`s. Stagflation, they called it. Funny how the US calls Canada a freeloading nation, when really, its the other way around.

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Dave Ruston

"Because they did business here does that mean we celebrate them as "Canadian"?"

No, because the evolution of The Hudsons Bay Company also was the evolution of Canada. The Bay and Canada are linked through their histories, and without one, there wouldn't be the other.

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"If you must kill a man, it costs you nothing to be polite about it." Winston Churchill

"Wouldn’t this buyout be contingent on approval from Investment Canada?"

Hehehe. Yea, that made me giggle. Like Ed said, they are basically a rubber-stamp operation. Unless Walmart had bought the Bay outright, not even the Competition Review board would give a damn.


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"If you must kill a man, it costs you nothing to be polite about it." Winston Churchill

>>Just a dearth of information delivered in a glib manner. <<

Just the same noise made when Canada sold their National Railway. Did that even become headline news? I don't recall.