May 8 (Reuters) - Competition Bureau:
* HUDSON'S BAY TO PAY $4.5 MILLION TO SETTLE COMPETITION BUREAU INVESTIGATION
* COMPETITION BUREAU- HUDSON'S BAY SETTLEMENT RESOLVES NEED FOR LITIGATION THAT WAS SCHEDULED TO BEGIN AT COMPETITION TRIBUNAL ON MAY 6
* COMPETITION BUREAU - UNDER SETTLEMENT, HUDSON'S BAY WILL ALSO ENSURE THAT MARKETING OF ALL SLEEP SETS COMPLIES WITH PROVISIONS OF COMPETITION ACT
* COMPETITION BUREAU - HUDSON'S BAY WILL ESTABLISH & MAINTAIN CORPORATE-WIDE COMPLIANCE PROGRAM "THAT WILL PROMOTE COMPLIANCE WITH THE COMPETITION ACT"
* COMPETITION BUREAU - HUDSON'S BAY AGREED TO PAY $4 MILLION PENALTY AND $500,000 TOWARDS COMPETITION BUREAU'S COSTS
* COMPETITION BUREAU - HUDSON'S BAY TO PAY PENALTY TO RESOLVE PROCEEDING RELATING TO HUDSON'S ADVERTISING & PRICING PRACTICES FOR SLEEP SETS IN CANADA