Macy’s strikes a deal with buy-out suitor Arkhouse Management Co. - Central Penn Business Journal

Central Penn Business Journal

Media Conglomerate: Gannett

Macy’s strikes a deal with buy-out suitor Arkhouse Management Co. - Central Penn Business Journal

The proposal to take Macy’s Inc. private lives on, but the heat may be coming down a bit. Macy’s Inc. this morning announced it will seat two new independent directors on its board, effective immediately. Richard (Ric) Clark and Richard (Rick) L. Markee will also join the company’s Finance Committee, which is tasked with reviewing Arkhouse and Brigade’s proposal to acquire Macy’s – along with any alternatives. In exchange, Arkhouse has agreed to…