Private-equity giant Sycamore Partners is exploring a possible bid to buy Macy’s – even as the iconic retail chain this week rejected an unsolicited offer from another bidding group, The Post has learned.Sycamore — a prolific buyout firm whose retail properties include Ann Taylor, Talbots and the regional department-store chain Belk — has been in quiet talks with Macy’s, which also owns Bloomingdale’s, since at least late December, sources told The Post. The biggest department store in the US has become a ...

Macy's (M) closed at $18.14 in the latest trading session, marking a -0.27% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq added 0.36%.Shares of the department store operator witnessed a loss of 10.48% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 0.71% and the S&P 500's gain of 2.4%.The investment community will be paying close attention to the earn ...

Macy's, Inc. (M) recently made headlines by responding to an unsolicited acquisition offer. Arkhouse Management Co. LP and Brigade Capital Management, LP proposed to buy all outstanding shares of Macy’s at $21.00 per share, a bid that Macy's board of directors rejected.Let’s delve deeper.The proposal, received on Dec 1, 2023, was deemed non-binding and lacking in substantial value by Macy’s board. The board's primary concern was the absence of a solid financing plan from Arkhouse and Brigade. Despite reques ...

Macy’s board of directors on Sunday rejected a $5.8 billion bid to take the company private because the proposal "lacks compelling value." Arkhouse Management Co. LP and partner Brigade Capital Management LP, which already has a significant stake in Macy's through Arkhouse-managed funds, issued an unsolicited proposal in December to acquire all the outstanding shares of the 165-year-old department store chain for $21 per share in cash. Macy's said its board "conducted a careful review of the proposal" with ...

Macy’s (NYSE:M) stock is on the move Monday after the retailer rejected a massive takeover offer from Arkhouse Management Co. and Brigade Capital Management.Macy’s Board of Directors gave its official response to the two investors following an unsolicited bid for them to take over the company. They were seeking to acquire M stock for $21 per share, which is a total value of $5.8 billion.News of the buyout offer for M stock sent the company’s shares rising on Monday. That makes sense considering the $21 per ...

  Fundraising and awareness campaign ignites the power of mentorship and possibilityTAMPA, Fla. and NEW YORK, Jan. 22, 2024 /PRNewswire/ -- Big Brothers Big Sisters (BBBS), the nation's preeminent one-to-one youth mentoring organization, is thrilled to announce fundraising results from Macy's 2023 holiday campaign and grant awards. Through the company's social purpose platform, Mission Every One, which is committed to creating brighter futures with bold representation for all, Macy's customers raised $4.3 m ...

Key TakeawaysMacy's board has rejected a $5.8 billion takeover offer, citing concerns over financing and valuation.Arkhouse Management and Brigade Capital had proposed to take the company private by acquiring the retailer's stock for $21 per share.Macy's share price may find support at the key 38.2% and 50% Fibonacci levels. Macy's, Inc.  Source: TradingView.com.Legacy department store Macy’s (M) remains in focus Monday morning after the retailer said that it has turned down a $5.8 billion takeover offer ...

New York City, USA -gettyA post-Christmas look at store performance has prompted Macy’s management to close five department stores and two furniture galleries. The decision to close the stores (listed below) forced the decision to lay off 2,300 associates.The lay off translates into a reduction of about 3.5 percent of the Macy’s workforce and is occurring mostly at the company’s corporate office. The cuts are taking place across all of Macy’s corporate functions. In explaining these actions, a spokesman is ...

Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy’s private, Arkhouse confirmed on Sunday.Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share, Arkhouse said in a statement.The investor group sees “the potential for a meaningful increase to the original proposal if we are ...

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) confirmed today that it received an unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the outstanding shares of the Company for $21.00 per share in cash on December 1, 2023, and that the Macy’s, Inc. Board of Directors (the “Board”) has determined that the non-binding proposal does not constitute a basis to enter into a non-disclosure agreement or provide any due di ...