An investor group led by Arkhouse Management and Brigade Capital Management has increased their bid to acquire Macy's to $24 per share, up from an initial offer of $21 per share, after the department store chain previously rejected their proposal as too low. The revised offer, valuing the buyout at approximately $6.6 billion, represents a nearly $1 billion increase from the group's earlier bid. This move comes amid Macy's struggles in the retail sector, and the investors have indicated openness to further increase the purchase price, pending customary due diligence.
WATCH: The buyout offer for Macy's has been raised to $6.6 billion, according to investors Arkhouse Management and Brigade Capital Management, after the department store chain rebuffed their prior proposal as too low https://t.co/v4wkVpCMEq https://t.co/BA7Ay7d9hd
The buyout offer for Macy's has been raised to $6.6 billion, according to investors Arkhouse Management and Brigade Capital Management, after the department store chain rebuffed their prior proposal as too low https://t.co/yz1MwBNAAp https://t.co/Gostv4UR0r
Arkhouse and Brigade up Macy’s takeover offer to $6.6 billion following rejection of previous deal https://t.co/SuiJMvfXgE
Macy's stock surges as investor group lifts buyout offer https://t.co/m8lv4jR4c1
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal https://t.co/6FbMlN4Jvi
Activist Investors Raise Bid for Macy’s $M https://t.co/gSFuhGSV56
Investor group raises bid for US retailer Macy’s to $6.6 bn https://t.co/QlBxdQqhky
Arkhouse, Brigade raise Macy’s buyout bid to $6.6B https://t.co/ERzd56XKBZ https://t.co/WU9ZIAXnge
Macy’s. \….bid bumped to$24 from$21 ..
Arkhouse Management and Brigade Capital Management have increased their bid for Macy's by nearly $1 billion to roughly $6.6 billion https://t.co/nlXDgfqLTB
Investor group raises Macy’s buyout bid by nearly $1 billion https://t.co/sEekk7vRgp
JUST IN: $M , Macy’s buyout incressed by Arkhouse, Brigade who are Now Offering $24 A Share, Up From $21
$M Arkhouse and Brigade increase their bid for Macy’s from $21/shr. to $24/shr. and identify additional information about their financing for the deal. “We remain open to increasing the purchase price further subject to the customary due diligence”
Arkhouse and Brigade Capital boosted their offer for Macy’s by 14% after the retailer rebuffed a previous proposal, the Wall Street Journal reports https://t.co/I5qm5c0eLn
Investors raise Macy's buyout bid, Wall Street Journal reports https://t.co/ulbjGCUobA https://t.co/34bRYnd1Gm
An investor group seeking to acquire Macy’s $M is raising its offer by nearly $1 billion with Arkhouse and Brigade now offering $24 a share up from $21 - WSJ https://t.co/FCFZggJ4Dd
Sunday Scoop! An investor group seeking to buy Macy’s is raising its offer by nearly $1 billion after the department-store chain rebuffed its prior proposal. $M https://t.co/15oaDa62MU
Sunday Scoop: A group of investors trying to acquire Macy's has raised its bid to $24 per share from $21 per share, after earlier being rebuffed by the department store chain. $m https://t.co/7cA5pLDYbC
$M | Investors Raise Macy’s Buyout Bid - @WSJ https://t.co/lEoRQeQ73S
An investor group seeking to buy Macy’s is raising its offer by nearly $1 billion after the beleaguered department-store chain rebuffed its prior proposal as too low https://t.co/FIu5iFDVTj https://t.co/FIu5iFDVTj