TORONTO — A new document circulated to lawyers involved in Hudson’s Bay’s creditor protection case is raising suspicion that a company insider may be exploring a bid for the retailer’s assets or leases.
The “Insider Protocol” document sent to lawyers Thursday and obtained by The Canadian Press describes how processes meant to help the ailing retailer find investors or buyers will now include new provisions to ensure “integrity and fairness.”
It said the protocol is being enacted “in view of a potential insider bid that may involve certain members of management,” who are not named.
The protocol comes after company insiders, including members of the retailer’s leadership team, who
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