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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 have dropped 20% year to date to $16 per share, far below the $24.80 per share buyout offer they rejected from Arkhouse and Brigade. The earnings rundown
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.
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.
This comes just days after Macy’s rejected a $5.8 billion buyout offer from one of its shareholders, Arkhouse, and its partner Brigade Capital Management. The original proposal, made on Dec.1 ...
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 ...
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 ...
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 ...