June 10 (Reuters) - Hudson's Bay Co HBC.TO :
* HBC ANNOUNCES FORMATION OF SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO REVIEW PROPOSAL FROM SHAREHOLDER GROUP
* HUDSON'S BAY CO - DIRECTORS FORMED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO REVIEW JUNE 10, 2019 PROPOSAL FROM A GROUP OF HBC SHAREHOLDERS
* HUDSON'S BAY - SPECIAL COMMITTEE WILL OVERSEE PREPARATION OF FORMAL VALUATION BY ADDITIONAL INDEPENDENT VALUATOR REGARDING PROPOSED PRIVATIZATION DEAL
* HUDSON'S BAY CO - SPECIAL COMMITTEE NOTED THAT NO DECISION HAS BEEN MADE AND IT INTENDS TO REVIEW PROPOSAL