Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month to sell itself to a consortium led by the department store operator’s executive chairman, Richard Baker, according to people familiar with the matter. Baker’s consortium already owns 57% of Hudson’s Bay, and it has informed the company it would block a sale to another party. Catalyst has reached out to banks such as Wells Fargo & Co , as well as hedge funds, …read more
Source:: Yahoo Finance
