Macy’s Sinks Most in Four Years After Ending Buyout Talks - BNN …

Jul 15, 2024 · Macy’s decision to officially call off talks is the latest twist in a contentious saga that began with a $5.8 billion buyout offer from the investor group in December. Arkhouse and …

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Macy’s Sinks Most In Four Years After Ending Buyout Talks - BNN …

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Macy's Ends Buyout Talks, Shares Plunge 15% - Nasdaq

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Jul 15, 2024 · Macy's (M) ended buyout talks with an investor group led by Arkhouse Management and Brigade Capital, which had proposed acquiring the department store chain …

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Macy's Stock Falls More Than 7% After Citi Downgrade Amid Buyout …

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Dec 12, 2023 · Macy's Inc. shares fell 7.3% Tuesday after Citi downgraded the stock to sell from neutral amid a report that an investor group wants to take the department-store chain private …

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Macy's Ends Buyout Talks With Investor Group, Shares Slump

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Jul 15, 2024 · Macy's scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, …

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Macy’s Terminates Buyout Talks With Investor Group - MSN

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M acy’s terminated discussions with two investors that had offered to buy the company for about $6.9 billion, ending a monthslong bid to take the beleaguered department-store chain private.

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Macy's Sinks Most In Four Years After Ending Buyout Talks - Crain's …

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Macy's Walks Away From Buyout Talks - LinkedIn

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Jul 15, 2024 · Department store operator Macy's, which is in the midst of a turnaround effort, terminated buyout talks with an activist group that sought to take the retailer private for $6.9 …

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FAQs about Macy’s Sinks Most in Four Years After Ending Buyout Talks - BNN … Coupon?

Why did Macy's stock drop 15% on Monday?

NEW YORK, July 15 (Reuters) - Macy's (M.N) scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, sending its shares down 15% on Monday. ...

Why did Macy's stock sank?

The product mix is critical. Shares of Macy's (M) sank in early trading on Monday after announcing it had ended buyout talks with Arkhouse Management and Brigade Capital Management. In a statement, the retailer says the discussions "failed to lead to an actionable proposal with certainty of financing at a compelling value." ...

Why did Macy's end buyout talks with arkhouse management & Brigade Capital?

Macy's ( M) ended buyout talks with an investor group led by Arkhouse Management and Brigade Capital, which had proposed acquiring the department store chain for $6.9 billion. Macy's stated that the offer did not provide compelling value and that there were uncertainties regarding its financing. ...

Why did Macy's halt buyout negotiations?

The decision to halt buyout negotiations comes after months of efforts and the involvement of Arkhouse’s nominees on Macy’s board's finance committee. Macy's had opened its books to the investor group and provided extensive information and time for them to secure financing. ...

Why are Macy's shares plunging?

This post was written by Stephanie Mikulich. Right there. You're looking at shares of M this morning, Macy's shares are plunging after announcing its board has unanimously decided to end talks with a House and Brigade who had been looking to take the retailer private for about $6.9 billion. ...

Why is Macy's sluggish demand for non-essential items?

U.S department store operators, including Macy's, Nordstrom and Kohl's, have grappled with sluggish demand for non-essential items due to decades-high inflation since the end of the pandemic. Shares of Kohl's and Nordstrom were down nearly 2% each before the bell. ...