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

Macy's receives a higher buyout offer of $6.6 billion after rejecting investors' earlier bid

Two investment firms, Arkhouse and Brigade, upped their offer for Macy's after the retail chain rejected their earlier $5.8 billion bid.

Macy’s rejected their first offer. Now 2 investors have raised their takeover bid to $6.6 billion

Arkhouse Management and Brigade Capital Management are upping the ante on their proposed bid to acquire Macy’s, the 166-year-old department store giant. The two investment firms on Sunday submitted a new all-cash proposal to purchase all the shares they don’t already own for about $24 each. The proposed deal is valued…Read more...

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…

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…

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

Investors raise Macy’s buyout bid – WSJ

(Reuters) – An investor group seeking to buy Macy’s is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported on Sunday. Arkhouse Management and Brigade Capital Management are now offering to acquire the Macy’s stock they don’t already own for $24 per share, or $6.6 billion, the report added, citing people familiar with the matter. (Reporting by Akanks…