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Saks Fifth Avenue store in New York. Hudson’s Bay Co. said on Monday that it would buy luxury retailer Saks Inc. for $16 (U.S.) per share, or $2.9-billion in cash, including debt. (SHANNON STAPLETON/REUTERS)
Saks Fifth Avenue store in New York. Hudson’s Bay Co. said on Monday that it would buy luxury retailer Saks Inc. for $16 (U.S.) per share, or $2.9-billion in cash, including debt. (SHANNON STAPLETON/REUTERS)

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