June 10 (Reuters) -
* SHAREHOLDERS COLLECTIVELY OWNING 57% OF HUDSON'S BAY COMPANY'S OUTSTANDING COMMON SHARES SUBMIT TAKE-PRIVATE PROPOSAL FOR C$9.45 PER SHARE IN CASH
* GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED TAKE-PRIVATE TRANSACTION WILL NOT BE CONTINGENT ON FINANCING
* GROUP OF HUDSON'S BAY SHAREHOLDERS - PURCHASE PRICE EQUAL TO PRICE AGREED BY OTPPB FOR SALE OF ITS BLOCK OF ABOUT 10% SHARES OF HBC
* GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED TRANSACTION CONDITIONED ON RECEIPT OF PROCEEDS FROM SALE OF SOME EUROPEAN JV INTERESTS TO SIGNA
* GROUP OF HUDSON'S BAY SHAREHOLDERS - NOT SUPPORTIVE OF ANY ALTERNATIVE DISTRIBUTION TO SHAREHOLDERS OF PROCEEDS FROM EUROPEAN TRANSACTION.
* GROUP OF HUDSON'S BAY SHAREHOLDERS - SHAREHOLDERS INCLUDE ENTITIES RELATED TO EXECUTIVE CHAIR OF HBC, RHÔNE CAPITAL, WEWORK PROPERTY ADVISORS, AMONG OTHERS
* GROUP OF HUDSON'S BAY SHAREHOLDERS - SHAREHOLDERS ALSO INCLUDE ENTITIES RELATED TO HANOVER INVESTMENTS S.A., ABRAMS CAPITAL MANAGEMENT
* GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED PRIVATIZATION TRANSACTION WOULD BE FUNDED FROM PROCEEDS OF EUROPEAN TRANSACTION, DEBT FINANCING RAISED
* GROUP OF HUDSON'S BAY SHAREHOLDERS - PROPOSED PRIVATIZATION TRANSACTION WOULD ALSO BE FUNDED FROM CONTINUING SHAREHOLDERS' EQUITY INTEREST