Macy's allows due diligence for $6.6bn take-private bid by Arkhouse and Brigade Capital.
Macy's has agreed to open its books to Arkhouse and Brigade Capital, allowing the investment firms to conduct due diligence in their $6.6bn bid to take the US department store operator private. This breakthrough potentially enables Arkhouse and Brigade to secure debt commitments to finance the deal, with the firms already having secured letters from investment banks, including Jefferies Financial Group, that indicate a debt package can be put together to take Macy's private.
March 19, 2024
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