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Hudson's Bay Co. T.HBC


Primary Symbol: HBAYF

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. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC joint venture.


OTCPK:HBAYF - Post by User

Comment by Bookendson Dec 02, 2019 10:46pm
125 Views
Post# 30415731

RE:RE:Special Committee does not recommend Catalyst Offer

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, Catalyst and Land and Building will vote against the arragement agreement and therefore it will be rejected and therefore it's ALSO not a superior offer...
 

The board really needs to get working and do it's job of actually finding us a superior offer. 

Personally, I hope the OSC goes down on them hard... It's pathetic how the market is plagued with these kind of situations where the board's interest is just not align with that of it's shareholders. Fiduciary duty is a great concept but that is so far from what is seen in reality... I don't think it was meant to be a mythical concept as a unicorn or an utopia would be... Rather is should be expected and enforced by the regulators. 

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