US EditionArkhouse 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.
33 Articles
33 Articles
Macy's confirmed receiving the new proposal and, once again, classified it as unsolicited, saying that its board will evaluate it.
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 - The Morning Sun
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 $5.8 billion, in January. At the time, the retai…
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…
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