The HBC division wants to solidify its position in the off-price sector against increasing competition.
But the company’s buyout-induced run-up does not change the operating realities facing the traditional retail crowd.
The two groups are in talks about Catalyst supporting a higher offer from the continuing shareholders, sources said.
The battle to take HBC private raged on since June.
With a vote nearing on taking HBC private, Institutional Shareholder Services says the deal is no good.
Revisit some of the biggest news stories from this year so far.