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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 ...
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 ...
Department store Macy’s said Monday its board has unanimously decided to end negotiations with the activist group that had been looking to take the retailer private for roughly $6.9 billion ...
The report said the offer, which would pay shareholders a 32% premium above the stock’s closing price Friday, comes from Arkhouse Management, a real-estate focused investing firm, and Brigade ...
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 ...
They believe Macy's should create a separate real estate unit to collect market rents from Macy’s retail operations and pursue other asset sale and redevelopment opportunities. Macy’s shares fell 4% in morning trading, and they have fallen 12% so far this year and closed on Friday at $16.43.
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 ...
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 ...