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Hudson's Bay minority shareholder Catalyst makes rival takeover offer



Business·Breaking

Catalyst Capital Group is offering $11 per share in cash to acquire Hudson’s Bay, topping an offer of $10.30 made by a group of investors led by HBC executive chairman Richard Baker.

The Canadian Press · Posted: Nov 27, 2019 9:20 AM ET | Last Updated: November 27

A women leaves the Hudson Bay Company store in Toronto in this November 2017 photo. Catalyst Capital, a minority shareholder in HBC, is launching an $11-per-share takeover bid for the retailer. (Nathan Denette/Canadian Press)

Catalyst Capital Group Inc. is making a rival takeover offer for Hudson’s Bay Co.

The investment firm is offering $11 per share in cash, topping an offer of $10.30 made by a group of investors led by HBC executive chairman Richard Baker.

More to come.

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