Macy's Under Attack – Arkhouse And Brigade Capital Increase Offer

Corner sign of Macy's General Store, proudly claiming to be the largest world store.gettyLate this Sunday night Arkhouse and Brigade Capital raised their offer to acquire Macy’s to $24.00 per share, up from their previous offer of$21.00 per share.In their release Arkhouse and Brigade stated that the offer represents a 51.1 premium on November 30th share price and a 33.3% premium where the company closed on March 1, 2024. It represents an increase of 14.3% from Arkhouse and Brigade’s previous offer.The rele ...