{"id":50169,"date":"2019-11-27T10:01:14","date_gmt":"2019-11-27T15:01:14","guid":{"rendered":"http:\/\/mileniostadium.com\/?p=50169"},"modified":"2019-11-27T10:01:14","modified_gmt":"2019-11-27T15:01:14","slug":"catalyst-capital-group-makes-rival-takeover-offer-for-hudsons-bay-co","status":"publish","type":"post","link":"https:\/\/mileniostadium.com\/canada\/catalyst-capital-group-makes-rival-takeover-offer-for-hudsons-bay-co\/","title":{"rendered":"Catalyst Capital Group makes rival takeover offer for Hudson’s Bay Co"},"content":{"rendered":"

Catalyst Capital Group Inc. is making a rival takeover offer for Hudson’s Bay Co.<\/p>\n

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.<\/p>\n

<\/section>\n

Catalyst already holds a roughly 17.5 per cent stake in HBC and has said it plans to vote against the offer by the group led by Baker.<\/p>\n

Gabriel de Alba, managing director and partner of Catalyst, says the firm’s offer is independently financed, superior in both value and treatment of shareholders and can be completed in a timely manner.<\/p>\n

In making its proposal, Catalyst also filed a complaint with the Ontario Securities Commission regarding the Baker group bid.<\/p>\n

It alleges the insider issuer offer is the result of a flawed process and asked the regulator to examine the proposal and take appropriate action.<\/p>\n

CBC<\/p>\n

DR<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

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 …<\/p>\n","protected":false},"author":32,"featured_media":50170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3539],"tags":[6759],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/mileniostadium.com\/wp-content\/uploads\/2019\/11\/Catalyst-Capital-Group-makes-rival-takeover-offer-for-Hudsons-Bay-Co.png","_links":{"self":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/posts\/50169"}],"collection":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/comments?post=50169"}],"version-history":[{"count":0,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/posts\/50169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/media\/50170"}],"wp:attachment":[{"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/media?parent=50169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/categories?post=50169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mileniostadium.com\/wp-json\/wp\/v2\/tags?post=50169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}