TORONTO — Catalyst Capital has announced its offer for a 10% stake in Hudson’s Bay Co. has been accepted. Under the transaction, which will close within three business days, Catalyst is purchasing nearly 18.5 million shares at a cash price of $10.11 per share, for a total cost of about $187 million. Catalyst says it stands behind the special committee of HBC’s board and is urging it to reject the offer from a group led by Chairman Richard Baker who want to take the retailer private.
Catalyst Capital set to buy stake in Hudson’s Bay
Most Recent
Most Read
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Featured Classified: Taiga
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024