Hudson's Bay seeks court approval to auction its 1670 charter

cbc.ca

Hudson's Bay plans to auction its 1670 founding charter after receiving renewed interest from potential buyers. The company seeks court permission to hold the auction on October 15, with bids starting at $15 million and requiring a commitment to donate the charter to a public institution. This decision follows an earlier proposed sale to the Weston family, which was challenged by David Thomson's firm, leading to the return to an auction format.


With a significance score of 2.2, this news ranks in the top 18% of today's 29868 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: