While Macy’s Inc. and Arkhouse Management brokered peace in their proxy war — with the retailer agreeing to add a couple of the activist’s chosen experts to its board — it’s a battle that also sets up the next showdown. Arkhouse and its partner, Brigade Capital, are still trying to take Macy’s private and have now […]
Updated 1:23 p.m. E.T. Mar. 14 Macy’s Inc. is closer to opening up to Arkhouse Management and Brigade Capital Management, which want to take the chain private and have been trying to get a closer look at the company’s books to potentially sweeten their offer. More from WWD Arkhouse and Brigade offered to buy Macy’s […]
Macy’s (M) is looking to turn over a new leaf, but a battle to take it private is growing and doubts linger on whether it can engineer a comeback with its current plans. Tony Spring, freshly minted as CEO a month ago, acknowledges that the business needs to change. “We are not going to leave […]
NEW YORK (AP) — Arkhouse Management and Brigade Capital Management are upping their offer to acquire Macy’s in a deal now valued at $6.6 billion. The investment firms announced Sunday that they had submitted an all-cash proposal of $24 for each of the remaining shares in Macy’s they don’t already own — up from a […]