Arkhouse and Brigade Capital Offer $24 per Share in New Bid for Macy's
Tuesday, 5 March 2024, 00:21
Arkhouse and Brigade Capital Increase Bid for Macy's Stock
Arkhouse Management and Brigade Capital Management have submitted a new buyout offer to Macy's, offering $24 per share in their latest bid. This amount is higher than their previous offer of $21, showcasing their increased interest in acquiring a larger share of Macy's.
Highlights:
- Increased Offer: The new bid stands at $24 per share, up from the initial $21.
- Arkhouse and Brigade Capital: Leading investment firms making strategic moves in retail sector.
Shareholders of Macy's now face a crucial decision on whether to accept this new offer or wait for potential better terms as the negotiations continue.
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