November 27, 2019 / 2:25 PM / 13 days ago

Catalyst challenges Baker's C$1.9 bln offer for Hudson's Bay

Nov 27 (Reuters) - Private equity firm Catalyst Capital Group Inc on Wednesday offered to buy Hudson’s Bay Co in deal that valued it at C$2.03 billion ($1.53 billion), challenging an agreed deal with a consortium led by executive chairman Richard Baker.

Catalyst, which owns 17.5% of the Hudson’s Bay, offered C$11 per share, topping Baker’s C$10.30 per share proposal.

$1 = 1.3301 Canadian dollars Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below