Macy’s offered $5.8bn buyout that could take it off stock market
by Jasper Jolly from US news | The Guardian on (#6H22M)
US department store chain that also owns Bloomingdale's reportedly received approach from two existing investors
The department store chain Macy's is reportedly the target of a $5.8bn (4.6bn) offer that would result in one of the best-known names in US retail disappearing from the stock market.
Two existing investors, Arkhouse Management and Brigade Capital, banded together to offer $21 a share, the Wall Street Journal first reported.
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