Page "Hudson's Bay Company" Paragraph 49

On 26 January 2006, HBC's board unanimously agreed to a bid of $ 15. 25 CAD / share from Jerry Zucker whose original bid was $ 14. 75 CAD / share, ending a prolonged fight between HBC and Zucker.

The South Carolina billionaire financier was a longtime HBC minority shareholder.

In a 9 March 2006 press release, HBC announced that Zucker would replace George Heller as the new Governor and CEO, to become the first US citizen to lead the company.

After Zucker's death, the board named his widow Anita Zucker as HBC Governor and HBC Deputy-Governor Rob Johnston as CEO.