Catalyst Capital Group said it will acquire a 10.05 percent interest in Canadian department store operator Hudson's Bay Co (TSX: HBC) for about $187 million. The Canadian private equity firm said it will complete the purchase of common shares within three business days. Catalyst first offered to buy shares of Hudson's Bay in July. It amended the offer earlier this month, increasing the transaction's value to as much as $200 million from $150 million. The purchase, which will add to Catalyst's existing holdings, is intended to block the proposed $1.74 billion take-private acquisition of Hudson's Bay, announced in June.
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