Melissa Tait/The Globe and Mail
Catalyst said it will vote its stake of 32.2 million shares of Hudson's Bay, or about 17.5 per cent of the company, in favour of a transaction that will see the company buy out minority shareholders for $11 a share in cash. Hudson’s Bay shares closed at $9.88 a share Friday on the Toronto Stock Exchange, before the Catalyst agreement with Hudson’s Bay was announced late Friday.
Source: News Formal (newsformal.com)
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