Macy’s ends buyout talks with Arkhouse and Brigade after months of negotiations
- Macy’s is ending buyout talks with Arkhouse and Brigade due to an inadequate offer and financing uncertainties.
- Arkhouse and Brigade failed to provide necessary information by a deadline, with a delayed offer below Macy's expectations.
- Macy’s received an unsatisfactory offer of $24.80 per share in cash from Arkhouse and Brigade, falling short of expectations.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left6Leaning Right4Center13Last UpdatedBias Distribution57% Center