电报盗号系统破解教程破解|【唯一TG:@heimifeng8】|长沙USDT支付渠道✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Hudson's Bay going private deal faces Catalyst hurdle

Hudson's Bay going private deal faces Catalyst hurdleBy
Reuters Published
November 1,电报盗号系统破解教程破解 2025

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.


Instagram: @hudsonsbay


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.

The group urged the company’s board to explore alternatives, and said it was “aware of a number of strategic investors that are interested in participating in a process that is open and not constructed to benefit an insider.”

Catalyst, which controls about 17.49% of Hudson’s outstanding shares, said it is also prepared to work towards an offer for the company at “financially superior” terms to the current bid.

The Saks Fifth Avenue owner earlier this month agreed to a sweetened C$1.9 billion ($1.5 billion) offer from the Baker-led group, which collectively owns 57% of its shares.

Catalyst, which had opposed Baker’s previous lower offer, was considering its next step, while activist hedge fund Land & Buildings, which has a smaller undisclosed stake, was also against the deal, Reuters had reported.

The deal has to be approved by a majority of the shareholders not affiliated with Baker’s consortium in a shareholder vote, meaning those accounting for at least a 27% stake in the company must greenlight it.

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