July 22 (Reuters) - Hudson's Bay Co HBC.TO :
* CATALYST CAPITAL ANNOUNCES OFFER TO PURCHASE COMMON SHARES OF HUDSON'S BAY COMPANY
* $150 MILLION OFFER IS FOR $10.11 PER COMMON SHARE OF HBC PAYABLE IN CASH FOR UP TO 14,836,795 COMMON SHARES
* WILL OPPOSE INSIDER BUYOUT PROPOSAL & REQUESTS SPECIAL COMMITTEE TO EXPLORE ALTERNATIVES FOR HUDSON'S BAY