Hudson's Bay Co. HBAYF

as per NR

[oceaneleven]

and this puts us in this week:

The Special Committee and its financial advisors anticipate meeting with representatives of various shareholders next week and look forward to hearing their perspectives on the Catalyst Offer and the Shareholder Group Proposal.


also keep in mind that Catalyst upped the amount of shares willing to purchase by August 16.....So I am assuming they are having a nice turn out of share purchasing or they are using this as a tool just like Baker issuing a nr saying not to tender to catalyst as they could pull the plug on the offer....

[88guy88]

Unfortunately....the bottom line is that the Baker bid is gone as they can't do it without the real estate sale proceeds and the other offer of $10.11 is just partial shares and that goes away too Share price in my opinion will not stay at the bid prices and whether you like Baker or not he is right on the fact that the price is gonna have a significant down result....

[oceaneleven]

so I guess the only way to play this is to buy shares now at 9.38 and tender them to catalyst for 10.11...hmmm...for every 1000 shares bought and sold to catalsyt =730 buck profit....nice....

[88guy88]

thats only if the $10.11 is still around...once Baker officially backs out so will the other bid of $10.11.....so no bids remain except for the market bids and that gonna be lower......alot

[oceaneleven]

yes its possible that Catalyst tender for shares is now filled..... hmmmm.... with a take down in sp of 2-3 % today with under 200k shares, it's quite possible.... Baker & friends will stand by special committee while they due their due dilligence on everything here and will stand by the 9.45 bid until such....let them pull it before then and they will have to be accountable to the

[88guy88]

The Baker boys are not accountable to the shareholders at all on their bid.....they can pull it at any time and change their minds.

[oceaneleven]

HBC formed a special committee to due DD on offer from majority shareholders which happen to be on the HBC team..The majorty shareholders have also warned all shareholders to not buy into the Catalyst 10.11 share tender as they may back out...so if they back out before the special committee does its work, they would be held accountable for their actions and will have to deal with this... We as