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The long-suffering shareholders of Macy's just scored an early Christmas gift.Macy's has received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager ...
Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought.
In March, Arkhouse and Brigade had raised their offer to acquire Macy’s in a deal then valued at $6.6 billion, or $24 per share cash, up from a earlier offer of $21 per share. Macy's said Monday ...
Arkhouse's March all-cash offer values Macy's at $24 per share — a 14.3% increase from its original proposal of $21 per share — and a 51.3% premium to Macy’s share price on Nov. 30, 2023.
Arkhouse Management and Brigade Capital Management are upping their offer to acquire Macy's in a deal now valued at $6.6 billion. The investment firms announced Sunday that they had submitted an ...
The best deal at Macy's this year may be the stores themselves.Shares of Macy's surged over 19% on Monday, after the 165-year-old retail giant received a $5.8 billion buyout offer from real estate ...
Arkhouse Management, a real estate investment firm, and Brigade Capital Management, a global asset manager, submitted a bid to buy Macy’s for $21 a share, valuing Macy’s at $5.8 billion, the ...
Macy's is navigating through some stormy weather to kick off the year.The once darling department store faces an uncertain future after it rejected a $5.8 billion buyout offer from one of its ...