Hudson’s Bay Company has postponed its special meeting of shareholders, which was intended to vote on the company’s recent going private initiative.
The arrangement to be voted on by shareholders was an agreement entered into with Rupert Acquisition on October 20, 2019, pursuant to which HBC would become a private company owned by certain continuing shareholders. The special meeting of shareholders had been scheduled for December 17, 2019.
The company said it intends to schedule a new date for the postponed special meeting of shareholders as soon as practicable, and to provide shareholders with an amended management information circular that will contain additional information that the Ontario Securities Commission requires to be included in the circular. The amended circular will also contain information on amended dates for proper submission of proxy voting instructions and dissent elections.