Macy's mulling $5.8 billion buyout offer: source
Macy's has received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management, a source familiar with the matter told Yahoo Finance late Sunday. The offer — which values Macy's at about $21 a share — was reportedly submitted on Dec. 1. The company's board is mulling the offer. The WSJ first reported reported news on the offer earlier Sunday./ The offer price marks a 32.4% premium to Macy's closing price on Nov. 30. To be sure, Macy's board — led by a mix of retail veterans such as ...
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