By  on November 27, 2019

There’s a competing offer on the table for the Hudson’s Bay Co.

The Catalyst Capital Group Inc. has offered to buy HBC, the Toronto-based parent company of the Saks Fifth Avenue, Saks Off 5th and Hudson’s Bay chains, for $11 a share. It’s an attempt to outbid the $10.30 offer by HBC’s executive chairman Richard Baker and his group of major shareholders to take the company private.

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