Hudson’s Bay to look at Catalyst offer as part of privatization review
Hudson’s Bay Co (TSX: HBC) said a special committee of its board will consider Catalyst Capital Group's offer to buy up to $150 million worth of the Canadian retailer's common shares. Catalyst, a Canadian private equity firm, earlier this week offered to acquire up to 14.8 million shares as a means of blocking the proposed take-private acquisition of Hudson's Bay, announced in June. Hudson's Bay said the committee, formed to evaluate the $1.74 billion proposal made by a group led by Executive Chairman Richard Baker, has invited shareholders to share their views. It also plans to explore other strategic alternatives.
25 July 2019•3 mins read
