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Arkhouse, Brigade raise Macy's buyout bid to $6.6B
MMacy's(M) New York Post·2024-03-04 01:30

Arkhouse Management, a real-estate-focused investing firm, said on Sunday it and Brigade Capital Management have raised their offer for Macy’s after the department store chain rebuffed their prior proposal as too low.The firms are now offering to acquire Macy’s stock they don’t already own for 24pershare,about1424 per share, about 14% more than its previous offer of 21 per share.The new offer for the company represents a premium of about 33% to its last close on Friday at 18.01 andvaluesthecompanyat18.01 and values the company at 6.6 billion.“We c ...