Hudson’s Bay seeks approval to auction off 1670 charter, court filings show
Hudson’s Bay seeks approval to auction off 1670 charter, court filings show

By Tara Deschamps Hudson’s Bay wants to revert to its original plan to auction off its founding charter after more parties signalled interest in buying — then donating — the 1670 document, new court documents say. The Ontario Superior Court had been due to hear a motion earlier this month approving the sale of the artifact to the Weston family of grocer Loblaw Cos. Ltd. fame. Their holding company Wittington Investments Ltd. offered $12.5 million for the charter and planned to donate it to the Canadian Museum of History. The hearing was adjourned after DKRT Family Corp, a holding company owned by David Thomson, objected to the Weston sale. The firm acting on behalf of the billionaire chairman of Thomson Reuters was willing to spend at least $15 million on

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