Homburg Views Catalyst Bid as 'Disruptive'
Homburg Invest Inc., a Dartmouth, Nova Scotia-based manager, acquirer and developer of residential, commercial, retail and industrial real estate, expressed concerns about the partial tender offer by Catalyst Capital Group to holders of mortgage and other bonds. The company said in a statement that it believes the bid is "not in the best interests" of bondholders and might be "disruptive" of Homburg's restructuring process, which has been underway since 2007. Toronto's Catalyst specializes in control investments in distressed and undervalued situations.
24 January 2013•3 mins read
