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Published 5 months ago

Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal

  • Arkhouse Management and Brigade Capital Management increased their offer to acquire Macy's to $6.6 billion with a $24 per share proposal.
  • Macy's rejected the previous $5.8 billion deal in January due to concerns about the financing plan and value, leading to revised offers.
  • Macy's plans to close 150 stores over three years, improve the remaining 350, after reporting losses and declining sales.
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The IndependentThe Independent

Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal

Arkhouse Management and Brigade Capital Management are upping their offer to acquire Macy’s in a deal now valued at $6.6 billion

5 months ago·London, United Kingdom
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Associated Press NewsAssociated Press News

Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal

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

5 months ago·United States
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abc Newsabc News

Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal

Arkhouse Management and Brigade Capital Management are upping their offer to acquire Macy’s in a deal now valued at $6.6 billion

5 months ago·United States
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KRDOKRDO

Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal

NEW YORK (AP) — 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 all-cash proposal of $24 for each of the remaining shares in Macy’s they don’t already own — up from a earlier offer of $21 per share. Macy’s rejected the previous deal, which was valued at a total of $5.8 billion, in January while citing…

5 months ago·Colorado Springs, United States
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KIFIKIFI

Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal

NEW YORK (AP) — 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 all-cash proposal of $24 for each of the remaining shares in Macy’s they don’t already own — up from a earlier offer of $21 per share. Macy’s rejected the previous deal, which was valued at a total of $5.8 billion, in January while citing…

5 months ago·Idaho Falls, United States
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GloboGlobo

Investors increase proposal to buy Macy's by US$ 1 billion

Macy's confirmed receiving the new proposal and, once again, classified it as unsolicited, saying that its board will evaluate it.

5 months ago·Brazil
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