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Macy’s reported earnings of $62 million, or 22 cents per share for the quarter ended May 4. That compares with $155 million, or 56 cents per share in the year-ago period.
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 ...
Last week Macy's Inc. said that it was laying off about 3.5% of its total headcount, or approximately 2,350 employees. Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital ...
For its most recent quarter, Macy’s in May said its turnaround efforts were beginning to yield results. The company reported sales and profits that fell, but it beat Wall Street expectations and raised its annual outlook. Macy’s reported earnings of $62 million, or 22 cents per share for the quarter ended May 4. That compares with $155 ...
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 ...
Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.”. Last month, Arkhouse ...
For starters, Macy's all-time high stock price of $70.99 was hit on June 15, 2015, according to Yahoo Finance data. As of Friday's close, Macy's shares changed hands at $17.39.
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.