2 minutes ago
Investor group raises Macy’s takeover offer by nearly $1 billion
Arkhouse Management and Brigade Capital Management will increase their offer to buy department store chain Macy’s by nearly $1 billion, according to a report on Sunday. press release.Macy’s had it I turned down a marriage proposal beforeIt said it had failed to “offer attractive value” to shareholders.
The proposal, which previously valued the retailer at $21 per share, or $5.8 billion, now values Macy’s stock at $24 per share, or $6.6 billion. The new offer represents an increase of more than 37% from the stock’s last closing price of $17.44.
— Peer Singh
45 minutes ago
US stock futures little changed on Sunday
U.S. stock futures were mostly flat on Sunday after a record week for the Nasdaq Composite Index.
Nasdaq 100 futures rose slightly, while S&P 500 futures fell slightly. Dow futures fell 27 points, or 0.1%.
— Fred Imbert
1 hour ago
Stocks closed in the green on Friday.
U.S. stocks ended Friday trading higher, with the Nasdaq Composite and S&P 500 closing at new record highs.
The Nasdaq rose 1.14% to end at 16,274.94. The S&P 500 rose 0.80% to 5,137.08. The Dow Jones Industrial Average rose about 91 points, or 0.23%, to 39,087.38.
— Ha-Kyung Kim
