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No alternate suitors appear for Saks
New York -- The planned merger between Saks Inc. and Hudson’s Bay Company (HBC) took another step forward with the expiration of the 40-day “go shop” period for Saks on Sept. 6. As previously disclosed, the merger agreement entered into on July 28, 2013 between Saks and HBC contained a 40-day “go-shop” period during which Saks was permitted to solicit alternative proposals from third parties.
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Herald Square Victoria’s Secret workers win concessions
Columbus, Ohio – Employees at the Victoria’s Secret store in Herald Square, New York City have reportedly won concessions on pay and promotions from the retailer. According to CNNMoney, following a petition effort started by employees at the store in June of this year, Victoria’s Secret agreed to give them pay raises between $1 and $2 per hour and also start promoting employees at the location.