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Catalyst offers to buy Hudson’s Bay shares to block takeover bid

Bloomberg Private equity firm Catalyst Capital Group Inc is offering to purchase up to C$150 million ($114 million) worth of shares of Hudson’s Bay Co as it builds a stake in the Canadian retailer in an effort to thwart a proposed takeover of the company. The Toronto-based firm said in a statementit was prepared to pay C$10.11 per share in ...

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Boeing credit rating at risk in 737 Max crisis, says report

Bloomberg Boeing Co’s credit rating is at risk as the grounding of the company’s 737 Max jetliner drags into a fifth month, with Moody’s Investors Service joining Fitch Ratings in sounding a warning. The planemaker faces a $5 billion cash-flow drain this year as it continues to churn out aircraft it can’t deliver until regulators around the globe clear the ...

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Lindt gains as Russell Stover on rebound track

Bloomberg Lindt&Spruengli AG said its investments in the US market helped put sales of Russell Stover on track for their first annual rebound since the Swiss chocolate maker acquired the ailing brand five years ago. Russell Stover sales grew in the first half, the Kilchberg-based company said. New product introductions and demand for the label’s sugar-free stevia line boosted total ...

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