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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 terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing. In announcing the end of negotiations on Monday ...
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 ...
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'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.
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 ...
Arkhouse's new 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.
Macy's shareholders receive an early holiday season gift. ... Macy's mulls $5.8 billion buyout offer, as stock surges after the news. Brian Sozzi. December 11, 2023 at 4:06 PM.