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Arkhouse confirms $5.8 billion proposal to take Macy's private
MMacy's(M) New York Post·2024-01-22 00:37

Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a 5.8billionproposaltotakedepartmentstorechainMacy’sprivate,ArkhouseconfirmedonSunday.ArkhouseManagement,areal−estate−focusedinvestingfirm,andBrigadeCapitalManagement,aglobalassetmanager,submittedaproposaltoacquiretheMacy’sstocktheydon’talreadyownfor5.8 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 ...