Hudson's Bay buying Saks for about $2.4 billion - Article Photos 1/1

FILE - This Aug. 15, 2011, file photo shows Saks & Company in New York. Hudson's Bay, the parent of Lord & Taylor, is purchasing Saks for approximately $2.4 billion. Hudson's Bay will pay $16 per share for Saks, a 5 percent premium over the company's Friday, July 26, 2013 closing price of $15.31. (AP Photo/Seth Wenig, File)