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Bullboard - Stock Discussion Forum Hudson's Bay Co. HBAYF

Consumer Cyclical
Hudson's Bay Co, or HBC, is a Canadian retail business group. The company operates department stores throughout Canada, Belgium, Germany, and the United States under various banners. These banners include Saks Fifth Avenue, Hudson's Bay, Lord & Taylor, and Off 5th in North America and Galeria Kaufhof, Galeria Inno, and Sportarena in Europe. HBC also has investments in real estate joint ventures... see more

Bullboard (OTCPK:HBAYF)

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Post by 99Reasonson Dec 03, 2019 11:37am

All this reinforces the value equation

Let’s remember how we got here. The Majority Group tried to get our shares on the cheap.  The scare tactics would have worked on retail investors. Catalyst has blocked the low ball offer, thank ...more  
229
Comment by pwipjtlon Dec 03, 2019 9:31am

RE:And Mr Baked Baker doubles down

These are words of Baker and the majority shareholders, NOT the INDEPENDENT special committee. If the independent special committee found catalyst offer incapable of being financed, they would have ...more  
171
Discussion
Post by forkliftguyon Dec 03, 2019 9:29am

My position

I only have 1300 shares , which is less than peanuts . I will however only accept the Catalyst offer of 11 dollars or a higher bid from the Baker group . The HBC CEO said a year ago that the real ...more  
178
Post by XXX28XXXon Dec 03, 2019 9:26am

The FIX is in

Baker group has controlling shares and can reject any  superior offer.....talk about the fox setting up shop in the chicken coup.....lol
105
Comment by 99Reasonson Dec 03, 2019 8:14am

RE:And Mr Baked Baker doubles down

Bakers letter misses the obvious point about Catalyst’s plan. Who cares about leverage because HBC will no longer be a retail. The Bay and Saks will be sold off and the real estate will sold.   ...more  
119
Discussion
Post by Bookendson Dec 03, 2019 7:51am

And Mr Baked Baker doubles down

https://stockhouse.com/news/press-releases/2019/12/03/the-hbc-continuing-shareholders-send-letter-to-special-committee And on he goes with it's scare tactics... Ignorant that his attemps are ...more  
151
Discussion
Comment by Bookendson Dec 03, 2019 6:19am

RE:RE:RE:RE:Special Committee does not recommend Catalyst Offer

Oh, for sure, lawyers were writing it up for them at the request of Baker. That's expected.  Natually, they have to be vague and unspecific in order not to say anything incriminating.  ...more  
116
Discussion
Comment by Bookendson Dec 03, 2019 6:13am

RE:RE:Special Committee does not recommend Catalyst Offer

Well, that's all fine and dandy... But they also have to be realistic and come to the realisation that 10.3$ is not even close to cutting it.  They can either keep playing this hand for a ...more  
92
Discussion
Comment by riverrrowon Dec 03, 2019 3:00am

RE:Special Committee does not recommend Catalyst Offer

Of course the Baker group are not interested in selling their shares to Catalyst for $11 if they feel the company is worth much more than that. Once the company is private it can be sold off piecemeal ...more  
85
Discussion
Comment by pwipjtlon Dec 03, 2019 12:45am

RE:RE:RE:Special Committee does not recommend Catalyst Offer

agree with your interpretation Bookends. I'd also like to point out the key (but hidden) message in the second paragraph ---- if the special committee found anything wrong with catalyst offer ...more  
114
Discussion
Post by TeamEddieon Dec 02, 2019 11:29pm

So Catalyst bid

made probability of $10.30 getting approved low will be waiting for a sell off if deal falls through and Maxmoe if you need a couch to sleep do not call me 
76
Comment by Bookendson Dec 02, 2019 10:46pm

RE:RE:Special Committee does not recommend Catalyst Offer

Yes, the way I read it is that : " the continuing shareholders will vote against the offer, and so, it will be rejected, therefore, it's not a superior offer"... But by the same logic ...more  
121
Discussion
Comment by Sikongon Dec 02, 2019 10:29pm

RE:Special Committee does not recommend Catalyst Offer

"The Continuing Shareholders (as defined in the Arrangement Agreement) confirmed to the Special Committee today that they, in their capacity as shareholders, are not interested in any transaction ...more  
94
Discussion
Post by 99Reasonson Dec 02, 2019 10:07pm

The irony

Special committee does not recommend because Baker Groip won’t apprive, but they still recommend we vote for Bakers offer, lol.  Obviously, that is not going to happen.
85
Post by 99Reasonson Dec 02, 2019 10:05pm

Special Committee does not recommend Catalyst Offer

https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/special-committee-of-the-board-of-hudsons-bay-company-responds-to-proposal-from-catalyst-capital-group
134
Discussion
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