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Catalyst makes rival takeover offer for Hudson’s Bay Co.

TORONTO — Catalyst Capital Group Inc. is making a rival takeover offer for Hudson’s Bay Co.
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Catalyst Capital Group Inc. wants to take over Hudson’s Bay Co. in a Nov. 27, 2019 story. (Photo by THE CANADIAN PRESS)

TORONTO — 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 by a group of investors led by HBC executive chairman Richard Baker.

More coming.