Catalyst Capital Amends Offer to Purchase Common Shares of Hudson's Bay Company
CANADIAN DAILY STOCK REPORT
Corporate Wire Date: 05 August 2019 20:15 EDT
ORIGINAL ANNOUNCEMENT [Text]
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...