1. HBC's Minority Shareholders to Oppose Privatization Bid

    HBC's Minority Shareholders to Oppose Privatization Bid

    TORONTO - The proposed privatization of the Hudson Bay Company could be at risk after a large group of minority shareholders say they intend to vote the deal approved by the retailer's board. The Catalyst Capital Group Inc. says it and other HBC shareholders that control a 28.24 per cent stake of the company's common shares plan to vote against the proposal...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. The agreement that the company entered into is so fundamentally conflicted, that it shows the amount of leverage (Baker) has over the board and management.
    2. The agreement that the company entered into is so fundamentally conflicted, that it shows the amount of leverage (Baker) has over the board and management.
    3. We urge shareholders to review the forthcoming information circular to be filed in the coming weeks, which will include further details and analysis that informed the special committee's determination, before making any decision.
  3. Topics Mentioned