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PE Hub News 11/27/2019 10:08
Catalyst Group Capital Inc , a Canadian private equity firm, is reportedly planning on surpassing a rival bid for Hudson's Bay at more than C$2 billion (US$1.5 billion), . Catalyst, which currently holds a 17.5 percent stake in Hudson's Bay, is offering C$11 per share in cash for the rest of the company. In October, Hudson's Bay agreed to be taken private by a group of shareholders led by Executive Chairman Richard Baker . As by PE HUB , the group offered C$30 per share in cash for the 43 percent of shares it did not own in Hudson's Bay. Also included in this investors group are Rhone Capital and WeWork Property Advisors .
PE Hub News 11/27/2019 07:24
Shutterfly Inc said Nov. 26 that Hilary Schneider was named president and CEO effective Jan. 25. She succeeds Ryan O’Hara , who was appointed president and CEO in June. Dwayne Black , Shutterfly’s senior vice president and chief operations 0fficer, along with Jim Hilt , president of Shutterfly’s consumer business, will serve as interim co-CEOs during the transition period, effective December 2, 2019, until Schneider’s planned start date. Apollo Global Management completed its buy of Shutterfly in September.


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