HBC chair, allies face tough choice

TORONTO ― The group of Hudson’s Bay Co. shareholders led by Chairman Richard Baker has a difficult decision to make in the coming days, according to the Globe & Mail. Either it walks away from its takeover bid, leaving HBC’s stock at risk of a tumble, or it increases an offer it has already called “full and final”. That could add pressure to the company’s turnaround efforts, particularly if minority shareholders reject a revised bid. Bloomberg reports that Baker’s group has instructed its advisers to stand by this week while it mulls its next steps.