Saks Fifth Avenue owner Hudson’s Bay Co has agreed with a group of shareholders to be taken private in a deal under which the company will buy stocks held by certain minority stakeholders for C$11 apiece in cash.
Hudson’s Bay Co Chairman Richard Baker and his partners have reportedly approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid.
The Hudson’s Bay director who led the committee that negotiated the sale of the company to a group of controlling shareholders said a report by Institutional Shareholder Services criticizing the deal was “misleading.”
Muaddi’s own footwear designs are a combination of classic and cool -- from feather and jewel-adorned slings to iridescent latex thigh-highs -- and her shoes have been seen on Rihanna both in public and on Instagram.
Private equity firm Catalyst Capital Group Inc on Wednesday made a competing offer for Hudson’s Bay Co that challenges the Canadian retailer’s deal with a consortium led by its executive chairman, Richard Baker.
Almost three months after Barneys declared bankruptcy, Authentic Brands Group announced on Friday that it has finalized its purchase of the department store retailer and laid out its future plans for the company.
Hudson’s Bay Co shareholder Catalyst Capital Group Inc has opposed an agreed deal by the struggling Canadian department store operator with a group led by executive chairman Richard Baker to be taken private.