11:47 AM EST - Hudson’s Bay Company : announced today that it has entered into a definitive agreement with METRO AG to acquire Galeria Holding, the parent company of Germany’s number-one department store Kaufhof, for an enterprise value of €2.420 billion ($3.357 billion). The acquisition is subject to customary closing conditions and is currently expected to close by the end of the third fiscal quarter of 2015. Hudson’s Bay Company
shares T.HBC are trading up $2.00 at $26.00.
