Hudson's Bay Co. HBAYF

Can they both vote down their offer?

[Bookends]

Meaning, can Baker vote down a potential offer from Catalyst and vice versa?

In which case we can be on standstill and the stock might still plummet... Assuming both parties are too stubborn to concede.

Do you guys think the parties could work with one another? Catalyst seems opened to working with other shareholders, possibly Baker himself.

Maybe a shotgun clause offer would be something to get them out of that jam.

In any case, Catalyst's offer is technically an hostile one. Watch the board say that the 10.3$ offer is more beneficial to the minority shareholders than the 11$ offer. They will blame the financing uncertainty. Lol, that board is just pathetic.

[Sikong]

Obviously. From the globe and mail: "Bakers consortium already owns 57 per cent of Hudsons Bay and has previously informed the company it would block a sale to another party."

[99Reasons]

Yes, but let’s see how the Board responds. How can they not recommend acceptance. 

[Bookends]

99reasons... I know it makes no sense for them to do it... But I'm sure they will double down on their actions and put of releases saying that the Baker offer is a superior one than Catalyst.  It happens time and time again. They are they one getting all the benefits from it, but they tried to make it sound like it benefits the minority ones.  It always surprises me how regulators

[Bookends]

Yeah, I know the consortium owns 57%... But that is not Baker personally. And as pointed out before, the consortium has a lock up agreement expiring in early January. I'm talking about Baker personally.