Saks Sees Executive Exodus as Shareholders Approve Deal The company’s stockholders approved the $2.9 billion buyout by Hudson’s Bay Co. By David Moin and Evan Clark on October 30, 2013 NEW YORK — Hudson’s Bay Co.’s $2.9 billion takeover of Saks Inc. is set to close Monday and personnel changes are already sweeping through the retailer. This story first appeared in the October 31, 2013 issue of WWD. Subscribe Today. To continue reading this article... Subscribe Now Log In WWD logo This Article is Exclusive to Archive Subscribers To read the full article please contactWWD's Subscription Customer Service.