Shareholders oppose deal to take Hudson’s Bay private
November 1, 2019
Catalyst Capital Group and other investors who hold 28.24 percent of Hudson’s Bay Co shares intend to vote against a deal that would allow a group led by executive chairman Richard Baker to take the retailer private. Catalyst, which controls 17.49 percent of Hudson’s Bay shares, has said it is “aware of a number of strategic investors that are interested in participating in a process that is open and not constructed to benefit an insider.”
Recent News
Red Lobster Faces Possible Bankruptcy Amid Financial Struggles
Red Lobster is contemplating filing for Chapter 11 bankruptcy due to mounting debts and financial challenges.
Boeing To Introduce Flying Cars in Asia by 2030
Boeing, the U.S. aircraft manufacturer, has set its sights on introducing flying cars to Asia by 2030.
Wayfair To Launch Its First Physical Furniture Store Next Month
Wayfair, the online furniture retailer, announced its first physical store opening next month.
Hyundai Joins List of Brands To Halt Advertising on X Due to Antisemitism Concerns
Hyundai pressed pause on advertising on X following reports that one of its ads appeared next to an antisemitic and pro-Hitler post on the social media platform.