Get access to our best features
Get access to our best features
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.
Insights by Ground AI
Does this summary seem wrong?

0 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 52% of the sources are Center
51% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)