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Analysts mixed on Hudson's Bay's bid for Saks

2013-07-30 18:56:00| Daily apparel & textile news and comment - from just-style.com

Canadian department store retailer Hudson's Bay yesterday (29 July) submitted a bid for luxury US based retailer Saks after months of speculation. But analysts are taking a mixed view of the US$2.9bn deal, with one saying it "undervalues" the shares while another describing it as a "compelling" offer.

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