Monday, December 9, 2019

Hudson's Bay special committee 'disappointed' with ISS recommendation

Hudson’s Bay Co’s special committee said on Monday it was disappointed with proxy adviser Institutional Shareholder Services’ recommendation to vote against the takeover bid by a consortium led by the retailer’s chairman, Richard Baker.

ISS last week recommended shareholders to vote against the Baker-led consortium’s C$1.9 billion deal, which was topped by Toronto-based buyout firm Catalyst Capital Group Inc.. . . more