Q: What do you think of the $11 Catalyst offer? Is there any chance this offer will be accepted given that approximately 57% of the shares are owned by the Baker group? How do you see this "bidding war" ultimately playing out?

Q: Why is HBC trading approximately 8% below the $10.30 takeover offer? I know Catalyst has indicated that they have enough votes to reject the offer. Even if the offer is rejected and Baker walks away, approximately 85% (Baker's group and the Catalyst block) of the shares are now held by individuals/institutions that believe there is significant long term real estate value. Furthermore, the TD Securities valuation and fairness opinion indicates the company is valued between $10 - $12.25. Shouldn't this set a floor for the stock price?

Q: i have been quite successful with transat re takeover,
just energy multiple bidders and now hbc, my question is on hbc, this baker guy is pretty shrewd, do you think there will be a higher bid, the market is a saying yes and if so at what price. dave