Feb 7 (Reuters) - Hudson's Bay Co HBC.TO :
* HBC PROVIDES UPDATE ON UNSOLICITED OFFER FOR ITS GERMAN BUSINESS
* HUDSON'S BAY- AFTER REVIEW,CONSIDERATION CO'S BOARD UNANIMOUSLY REJECTED UNSOLICITED PROPOSAL TO BUY CO'S GERMAN BUSINESS, RELATED REAL ESTATE ASSETS
* HUDSON'S BAY CO - ADDITIONALLY, SIGNA HOLDING GMBH HAS WITHDRAWN ITS OFFER, THUS CONCLUDING DISCUSSIONS
* HUDSON'S BAY SAYS SIGNA'S PROPOSAL "SIGNIFICANTLY UNDERVALUES" CO'S GERMAN BUSINESS AND RELATED REAL ESTATE ASSETS