TORONTO — A new court filing shows a process meant to find a new owner for Hudson’s Bay and its assets has yielded 17 bids.
A report filed Friday by Alvarez & Marsal, a court monitoring firm guiding Canada’s oldest company through creditor protection, does not name the bidders but says the offers were made after it reached out to 407 potential buyers.
Fifty-four of the 407 signed a non-disclosure agreement to get access to Bay data to decide whether to place a binding bid, but less than half wound up making a formal offer.
The court document says Hudson’s Bay and those involved in selecting a winner are
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