With a current Market Cap of $1.2bn and Real Estate Holdings that, in my view, FAR exceed that value, what are some strategy exit scenarios for Hudson Bay / Saks? Who are likely potential buyers?
The article below discusses the example of Alexander's - a department store that was before my time - that was acquired by Steven Roth (Vornado Realty Trust). He acquired the corporation, closed the store(s), and redeveloped the the assets into trophy-quality real estate. Interesting to hear peoples thoughts and see what happens next...
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