Major victory for Catalyst against HBC take-private deal as OSC delays shareholder vote

The Ontario Securities Commission has decided to push back a crucial shareholder vote on the takeover of Hudson’s Bay Co., effectively freezing the transaction until the company releases a more detailed story on how the deal came together. The decision, announced late Friday evening, marks a major victory for Catalyst Capital Group Inc., the private […]

Catalyst questions independence of HBC special committee at OSC hearing

Catalyst Capital Group Inc. spent part of Thursday’s hearing at the Ontario Securities Commission grilling a Hudson’s Bay Co. director about why the department store chain turned down Catalyst’s recent takeover offer. David Leith, head of the special committee tasked by HBC’s board to review take-private offers, appeared at the OSC Thursday as HBC’s witness […]