OTPP Finances Deal to Assist Saks Purchase

Posted on 07/29/2013


Large Canadian public investors continue to be alternate sources of financing for company takeovers. The Ontario Teachers Pension Plan (OTPP) will provide US$ 500 million of funding to support Toronto-based Hudson’s Bay Company purchase of Saks, an iconic American luxury retailer. Hudson’s Bay Company is buying Saks for US$ 2.9 billion including debt. Months ago, […]

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