Tag: Brigade Capital Management

February 21, 2024 BY Elizabeth Anderson

Arkhouse chasing a Macy’s board majority

After reviewing the offer, the current Macy’s board expressed concerns about financing solutions for the proposed takeover. The company reportedly approached the two investors about providing additional financing information. Macy’s said that instead of complying with its request, Arkhouse and Brigade sent a communication requesting a 10-day extension for board nominations. The Associated Press quoted…

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December 11, 2023 BY Elizabeth Anderson

Macy's department store considers $5.8bn investment offer

At the close of Friday 8th December’s market, Macy’s shares were trading at $17.39. The investing group, however, have offered $21 per share, higher than current prices but far lower than 2015 when the store’s shares hit $70. A spokesperson from Macy’s noted the slowdown of in-store spending, and the rise of online purchases which…

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