Macy's adds two Arkhouse nominees to its board, ending Arkhouse's majority board bid.
Macy's has added two nominees from activist investor Arkhouse Management to its board, while Arkhouse has agreed to end its bid for majority board representation. The two new directors, Richard Clark and Richard Markee, will join the company's board and finance committee, which oversees acquisition proposals. Macy's is continuing to engage with Arkhouse and Brigade Capital Management on their proposal to acquire the company.
April 10, 2024
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