Travel retail and bookstore chain Hudson announced a definitive agreement on Wednesday morning with controlling shareholder Dufry to buy out public shareholders and take the company private again, just two years after its 2018 IPO. Dufry AG Group, which already owns 57.4 percent of the company, will buy the remaining equity for $7.70 a share. That’s a 50 percent premium to Hudson’s August 18 closing price — but less than half the 2018 IPO share price of $19 on 39.4 million shares, which raised $749 million in proceeds. The travel retail business has suffered considerably during the pandemic, and so […]
