Friday, November 1, 2019

Hudson's Bay going private deal faces Catalyst hurdle

Reuters
Hudson’s Bay Co shareholder Catalyst Capital Group Inc has opposed an agreed deal by the struggling Canadian department store operator with a group led by executive chairman Richard Baker to be taken private.

Catalyst and other investors holding about 28.24% of shares of Hudson’s Bay intend to vote against the agreement, the private equity firm said on Thursday.. . . more

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