Hudson's Bay Co. HBAYF

Patience for me on this play

[99Reasons]

There is too much money at stake on both the majority and minority side for this not to get resolved. It is likely a better bid is coming from the Majority. Even if the Majority pulls its bid, that tells me they will proceed with extracting the value from the company's assets. Pulling the bid might happen because they wont want us to see what instructions were given on the Saks appraisal, re best use.  Will be interesting to see. As has been said, teaching the minority a lesson is a hollow victory, because they actually hurt themselves more.  Baker is boxed in.  I’m sure he is taking it personally by now.  The OSC ruling was very embarrassing for him and the Special Committee. Once his ego is removed from the equation, this will get resolved.  He played chess and got check-mated by Catalyst.  It was beautiful to see.  I am 100% with Catalyst.

[YJ2019]

Agree that an improved offer is being negociated and coming. If Baker&Friends wanted to pull the bid, they would have announced it already, just like Jim Pattison did for Canfor. The defeat on the vote is really expected by everyone, certainly known to Baker. Baker&Friends would have made the decision way back (even before the vote) if they wanted to drop the bid. More likely, there is a

[Bookends]

I also agree with your assesment... But 2 question remain now... 1- Are both parties able to come to a mutually agreeable terms for a plan of arrangement... Are they able to set their egos aside and discuss value in professional terms and mutually agree on a price?? 2- Since they haven't announced anything yet, is it safe to assume that any progress would be made in the new year? I doubt

[YJ2019]

Both Catalyst and Baker's group are money animals with the sole purpose of making money. They can set aside anything as long as they smell money.