But the commission has granted
The OSC says the shareholder vote on the bid, which is scheduled for Tuesday, can't proceed until the circular is changed and distributed.
The privatization bid is being led by the company's executive chairman
Minority shareholder Catalyst, which has presented a competing privatization offer, controls about 17.5 per cent of HBC's common shares.
Catalyst wanted the OSC to permanently prohibit the proposed takeover from the Richard Baker-led group, priced at
Two proxy advisory firms have advised shareholders to vote for the
Meanwhile, a third proxy advisory firm and a minority shareholder urge shareholders to dissent from the company line. An investment firm that controls about half a per cent of the company's outstanding common shares announced it planned to cast a ballot against the proposal.
The Baker-led group's
Still, it falls
This report by
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