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Published 1 month 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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