Dufry AG Group to Acquire Remaining Equity Interests in Hudson

Dufry AG Group, Hudson’s controlling shareholder, agreed to acquire all outstanding Hudson shares it does not already own for $7.70 per Class A share, taking Hudson private and delisting it from the NYSE. The transaction (approved by Hudson’s independent special committee and Dufry’s board) aims to reintegrate Hudson into Dufry to facilitate execution of their travel retail strategy and is expected to close in Q4 2020 subject to customary approvals and financing conditions.