Macy’s cuts off talks with Arkhouse, Brigade
See what’s clicking on FoxBusiness.com Macy’s said Monday it was halting talks with Arkhouse Management and Brigade Capital Management about a possible acquisition. The company said the latest proposal from the two investment firms “remains unviable and fails to deliver compelling value to Macy’s shareholders.” It will instead continue to pursue a turnaround plan. Arkhouse […]
Macy’s ends talks to go private with Arkhouse and Brigade for $6.9B
Macy’s said Monday it had terminated talks with activist investors ArkHouse Management and Brigade Capital, citing a lack of financing to buy the world’s largest department store. Macy’s board of directors “unanimously decided to terminate discussions with Arkhouse and Brigade because discussions did not result in a viable proposal that would secure financing at a […]
Macy’s gets another, bigger bid from Arkhouse, Brigade Capital
The Barron’s Roundtable panel provides insight into investments in Macy’s, Nordstrom, and Gilead Sciences. Two investment firms sent Macy’s a larger takeover offer over the weekend. The offer to purchase all of Macy’s outstanding stock for $24 per share was made by Arkhouse Management and Brigade Capital Management. “Macy’s Inc.’s Board of Directors, in consultation […]
Arkhouse, Brigade raise Macy’s buyout bid to $6.6B
Arkhouse Management, a real estate investment firm, announced Sunday that it and Brigade Capital Management have increased their offer for Macy’s after the department store chain rejected an earlier offer as too low. The companies are currently offering to acquire Macy’s shares they don’t already own for $24 per share, about 14% higher than their […]
Macy’s facing proxy fight as Arkhouse, Brigade push for board seats
Macy’s announced Tuesday that investor Arkhouse Management has named nine people to its board of directors, starting a proxy battle just a month after the department store rejected a $5.8 billion bid to go private. The company had rejected offers from Arkhouse and Brigade Capital, citing valuation concerns, but is continuing discussions to seek further […]
Arkhouse confirms $5.8 billion proposal to take Macy’s private
ArkHouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion offer to take department store chain Macy's private, ArkHouse confirmed on Sunday. ArkHouse Management, an investment firm specializing in real estate, and Brigade Capital Management, a global asset manager, have submitted a proposal to acquire Macy's shares they do not […]