Jan 27 (Reuters) - Hudson's Bay Co HBC.TO :
* HBC BOARD OF DIRECTORS RECEIVES UPDATED VALUATION AND REAFFIRMS RECOMMENDATION THAT SHAREHOLDERS VOTE FOR PRIVATIZATION TRANSACTION
* HAS RECEIVED UPDATED VALUATION IT HAD REQUESTED FROM ITS INDEPENDENT VALUATOR, TD SECURITIES INC
* HAS RECEIVED NEW FAIRNESS OPINIONS PROVIDED BY JP MORGAN, CENTERVIEW PARTNERS LLC AND TD SECURITIES
* BOARD (EXCLUDING CONFLICTED DIRECTORS) RECOMMENDS THAT MINORITY SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
* UPDATED FORMAL VALUATION DETERMINED THAT, AS OF JAN 27, FAIR MARKET VALUE OF SHARES OF HBC RANGED BETWEEN $9.75/SHARE & $12/SHARE
* TRANSACTION IS STRUCTURED AS A PURCHASE FOR CANCELLATION OF COMMON SHARES BY HBC
* HBC'S CURRENT ESTIMATE IS THAT PAID-UP CAPITAL IS APPROXIMATELY $7.26 PER COMMON SHARE