Hudson's Bay Co. HBAYF

Vote Postponed

[Lastingsum]

https://ca.sports.yahoo.com/news/osc-to-postpone-hudsons-bay-shareholder-meeting-on-privatization-vote-004424397.html

[99Reasons]

Very embarrassing for HBC, Baker and the Special Committee.

[Bookends]

F*ing OSC... Try to please everyone, but don't you dare shake the cage too much. Concede on insignificant technicalities to postpone the vote so everyone can have the full facts, but leave everything has is. Please Catalyst on giving them the minimum and please Baker by not ruling on his plans, at all. Don't you dare rule that Baker and Leith need to leave due to OBVIOUS conflict of

[YJ2019]

I doubt Baker's partners will continue to tolerate him wasting their time and money, since the message from the proxy is loud and clear. Baker can now either drop the bid totally or incease the price.

[Maxmoe]

Spot on jeepjeep. Wework especially wants and needs to cash out ASAP. There will be a push for a special dividend as the lockup unwinds or is renewed. Based on the $ billion they just banked, $5 - $6 per share seems about right. 

[bmeister2]

Typical osc bullsheit as usual trying to please everyone and doing nothing in the end. Solution is for Baker and his crowd to ante up to Catalyst offer or take his toys and go home. Not impressed with his antics.

[Bookends]

I guess Catalyst was only requesting that the OSC delay or block the plan or arrangement. Of course, there is no way that the OSC would try to break a transaction themselves and so to have it delayed was the easy decision to please everyone. I'm wondering why Catalyst didn't ask to have Baker and Leith withdraw from their functions on the board of directors due to a lack of fiduciary

[Maxmoe]

The sec and us federal courts would call it embezzlement, racketeering  and fraud and lock the baker gang up without bail due to flight risk. One of them would turn on baker and provide documents and testimony.  They would file a dozen or more charges and be happy if only a few stuck. Just like the did to Conrad black who in theory could have been charged in Canada but never was.