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Catalyst Offers to Buy Hudson’s Bay Shares to Block Takeover Bid

BNN Bloomberg

Private equity firm Catalyst Capital Group Inc. is offering to purchase up to $150 million (US$114 million) worth of shares of Hudson’s Bay Co. ( HBC.TO ) as it builds a stake in the Canadian retailer in an effort to thwart a proposed takeover of the company. The Toronto-based firm said in a statement Monday it was was prepared to pay $10.11 per share in cash for up to roughly 14.8 million common shares...

Mentions: Takeover Bid Hudson Bay Corporation Catalyst Capital