The Canadian Press

2006-01-26 | BIZ Hudsons Bay

Preview Clip

Hudson's Bay accepted a takeover bid on January 26th. US-based Maple Leaf Heritage Investments, headed by Jerry Zucker, offered 15-dollars-and-25-cents a share -- which valued the company at just over a billion dollars. Maple Leaf vice president Robert Johnston acknowledged concerns about Canada's oldest company being bought by Americans.( Johnston said it would be unfair to say Canadian companies can operate in the US but American investors shouldn't be allowed to buy Canadian assets.)

Date: 2006-01-26
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 22 seconds

Transcript Prediction: << this company has been a Canadian icon for into its fourth Century Now by having a foreign owner of this company will in no way changed or diminish that you have to recognize this company was owned by foreigners up until three three decades ago was it was in fact headquarter the United Kingdom's only come to Canada as a headquarters company not that long ago >>