Macy’s rejected their first offer. Now 2 investors have raised their takeover bid to $6.6 billion ...Middle East

Quartz - Economy
Macy’s rejected their first offer. Now 2 investors have raised their takeover bid to $6.6 billion
source : Quartz ( Middle East ) () 40
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...

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