Arkhouse and Brigade raise Macy's acquisition offer from $5.8bn to $6.6bn at $24 per share.

Arkhouse Management and Brigade Capital Management have raised their offer to acquire Macy's, increasing it from $5.8 billion to $6.6 billion. The firms initially proposed acquiring Macy's at $21 per share, but have now increased the offer to $24 per share. Macy's had previously rejected the initial proposal, expressing concerns about the financing plan and the lack of compelling value.

March 03, 2024
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