Published 3 months ago

Arkhouse confirms $5.8 billion proposal to take Macy's private

Macy's has rejected a $5.8 billion proposal from Arkhouse Management and Brigade Capital Management to take the department store private, citing concerns over deal financing and valuation.
The firms failed to provide additional information about their financing plan. The offer was $21 per share for the remaining shares of Macy's not already owned by the investors.
Macy's CEO stated that the proposal lacks compelling value for shareholders and that the company remains open to opportunities in the best interests of all shareholders.

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Reuters

Arkhouse confirms $5.8 billion proposal to take Macy's private

3 months ago·United Kingdom

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Associated Press News

Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital Management

Macy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. Arkhouse and Brigade offered $21 per

3 months ago·United States

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abc News

Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital

Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan

3 months ago·United States

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CNN

Macy’s rejects a $5.8 billion unsolicited takeover offer

Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.”

3 months ago·Atlanta, United States

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KRDO

Macy’s rejects a $5.8 billion unsolicited takeover offer

New York (CNN) — Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.” Last month, Arkhouse Management, a real estate-focused investing firm, and Brigade Capital Management, a global asset manager, offered to buy the remaining Macy’s shares it doesn’t own at a 32% premium. The company on Sunday responded to the proposal more than a month …

3 months ago·Colorado Springs, United States

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KIFI

Macy’s rejects a $5.8 billion unsolicited takeover offer

By Jordan Valinsky, CNN New York (CNN) — Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.” Last month, Arkhouse Management, a real estate-focused investing firm, and Brigade Capital Management, a global asset manager, offered to buy the remaining Macy’s shares it doesn’t own at a 32% premium. The company on Sunday responded to the pro…

3 months ago·Idaho Falls, United States

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