Macy's Bonds and Stocks Soar as Investor Group Enhances Takeover Proposal

Monday, 4 March 2024, 18:14

Macy’s Inc. experiences a significant 15.4% surge in its shares on Monday, accompanied by an uplift in its high-yield bonds, as an investor consortium working to acquire the department-store giant enriches its bid by close to $800 million. The enhanced offer has triggered a notable reaction in both the equity and debt markets, fueling optimism about the potential acquisition of Macy’s.

https://store.livarava.com/d05a3822-da55-11ee-b8c9-5254a2021b2b.jpe — Macy's Bonds and Stocks Soar as Investor Group Enhances Takeover Proposal

Macy’s Bonds and Stocks Soar

Macy’s Inc.’s shares climbed 15.4% on Monday, and its high-yield bonds rallied along with them, after an investor group seeking to take over the department-store chain sweetened its bid by roughly $800 million.

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Macy’s Bonds and Stocks Soar

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