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Maple Leaf Heritage increases price in tender for Hudson's Bay convertibles
New York, Feb. 14 - Maple Leaf Heritage Investments Acquisition Corp. said it is increasing the price on offer in its tender for all Hudson's Bay Co.'s 7.5% convertible unsecured subordinated debentures due Dec. 1, 2008.
Maple Leaf will now pay C$1,020 per C$1,000 principal amount instead of C$1,010 per C$1,000 principal amount. It will also pay accrued interest.
The offer ends at 5 p.m. ET on Feb. 24.
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