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

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

    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...

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    1. Catalyst believes that the insider buyout proposal greatly undervalues the company across each of its real estate, retail and iconic brand attributes.
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