Macy’s rejects Arkhouse’s $5.8-B bid, citing financing concerns

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4 months ago

Macy’s on Sunday rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the shares of Macy’s they don’t already own Read The Rest at :

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