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Catalyst Capital Amends Offer to Purchase Common Shares of Hudson's Bay Company

Aug 06, 2019 - News Bites Canadian Markets
Mergers and Acquisitions

CANADIAN DAILY STOCK REPORT

Corporate Wire Date: 05 August 2019 20:15 EDT

ORIGINAL ANNOUNCEMENT [Text]

Canada NewsWire

TORONTO, Aug. 5, 2019

- Increases number of shares to be acquired to a maximum of 19,782,393 shares, reflecting $200 million total value

- Catalyst Offer provides HBC shareholders who choose to participate with an alternative, which offers a significant premium and immediate liquidity, to the Baker Group proposal announced on June 10, 2019

- Baker Group's creation of a control block through a binding lock-up agreement (with a six-month tail) has direct impact on Special Committee's ability to achieve fair value for minority sharehold...