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Catalyst Capital Group Inc. Achieved a small victory in its campaign to block a takeover of Hudson Bay Co. On Wednesday, winning an opportunity to pursue its case in front of the Ontario Securities Commission.After nearly three hours of arguments, the OSC granted Catalyst standing in the case, deciding it was in the public interest to go ahead with a hearing on Catalyst application to stop or delay a $10.30 per share takeover offer from chairman Richard Baker group of shareholders.In remarks Wednesday, Catalyst cast itself as a deep pocketed defender of its fellow minority shareholders, railing against what it viewed to be flawed privatization process conducted by a special committee of the board of directors.Hudson Bay Co chairman gets Glass Lewis support for take private bidISS urges shareholders to vote against Hudson’s Bay Co chairman’s bid to take retailer privateHudson’s Bay Co takeover battle heats up as Catalyst tops Richard Baker’s $1.9 billion bidat least six months, the investing public has been kept in the dark, Catalyst lawyer Adam Chisholm told the OSC three person panel.
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