BusinessPostCorner.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Macy’s gets $5.8 billion buyout offer from investor group

December 10, 2023
in Business
Reading Time: 1 min read
A A
0
Macy’s gets .8 billion buyout offer from investor group
ShareShareShareShareShare

Macy’s Inc. has received a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management, according to people with knowledge of the matter.

The investors offered $21 a share for the department store operator, the people said, asking not to be identified as the deal hasn’t been publicly announced. Macy’s stock closed at $17.39 on Friday, having dropped 16% this year.

Macy’s didn’t immediately respond to requests for comment on the deal, which was first reported by the Wall Street Journal on Sunday. Arkhouse and Brigade Capital declined to comment.

Retailers have lagged the overall rally in US stocks this year as investors worry higher interest rates will damp spending and as the companies struggled to maintain the pace of growth seen during the pandemic. Department stores in particular have been confronting a broader shift in consumer habits as shoppers gravitate toward specialty and off-mall retail.

Macy’s, which operates the Bloomingdale’s chain alongside its own name-sake department stores, last month reported a 7% same-store sales decline in the third quarter.

— With assistance from Crystal Tse and Matthew Monks

    Subscribe to the new Fortune CEO Weekly Europe newsletter to get corner office insights on the biggest business stories in Europe. Sign up for free.

    Credit: Source link

    ShareTweetSendPinShare
    Previous Post

    Cigna drops bid to buy Humana, plans $10B share buyback

    Next Post

    Donald Trump to skip testimony in civil fraud case on Monday

    Next Post
    Donald Trump to skip testimony in civil fraud case on Monday

    Donald Trump to skip testimony in civil fraud case on Monday

    How the Israel-Iran conflict could affect energy costs

    How the Israel-Iran conflict could affect energy costs

    June 13, 2025
    Trash AI Content, Experimental Budgets, and TikTok for B2B: Ross Simmonds Unfiltered

    Trash AI Content, Experimental Budgets, and TikTok for B2B: Ross Simmonds Unfiltered

    June 16, 2025
    Ethereum ETFs Smoke Bitcoin ETFs with Massive 0M Inflows – K Breakout Next?

    Ethereum ETFs Smoke Bitcoin ETFs with Massive $240M Inflows – $3K Breakout Next?

    June 12, 2025
    Ethereum Price Prediction: Investor Snaps Up 7 Million in ETH – Contrarian Play?

    Ethereum Price Prediction: Investor Snaps Up $127 Million in ETH – Contrarian Play?

    June 15, 2025
    SPX6900 Explodes 15% to .70, Eyes .50 Breakout Target

    SPX6900 Explodes 15% to $1.70, Eyes $2.50 Breakout Target

    June 16, 2025
    UK firms hold off on hiring as job vacancies fall

    UK firms hold off on hiring as job vacancies fall

    June 10, 2025
    BusinessPostCorner.com

    BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

    Recent News

    Did Barron Trump Really Pocket M from His Dad’s Crypto Scheme?

    Did Barron Trump Really Pocket $40M from His Dad’s Crypto Scheme?

    June 17, 2025
    Era of Bund scarcity is over, says German debt chief

    Era of Bund scarcity is over, says German debt chief

    June 17, 2025

    Our Newsletter!

    Loading
    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2023 businesspostcorner.com - All Rights Reserved!

    No Result
    View All Result
    • Home
    • Business
    • Finance
    • Accounting
    • Tax
    • Management
    • Marketing
    • Crypto News
    • Human Resources

    © 2023 businesspostcorner.com - All Rights Reserved!