By  on July 23, 2019

Hudson’s Bay Co. investors are betting Richard Baker goes higher — and more are actively pushing him to boost his offer to take the Saks Fifth Avenue parent private.

Shares of HBC inched up 0.4 percent to 9.94 Canadian dollars Tuesday — well above the buyout price of 9.45 Canadian dollars per share that Baker and other shareholders offered up last month. The offer values HBC’s stock at 1.7 billion Canadian dollars, or $1.28 billion.

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