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Macy's: Still Looking For A Bigger Bid

04:56am, Thursday, 25'th Apr 2024
Macy's has a buyout bid of $24 per share, up from the original offer of $21. The real estate value of Macy's is estimated to be worth double the current stock price. Macy's plans to focus on luxury st
Macy's (M) is enhancing operations for sustainable growth while expanding its omnichannel presence and customer experience through strategic partnerships and technological upgrades.
CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.
Macy's (M) on Wednesday ended a proxy fight by agreeing to calls for a board shakeup by activist investor Arkhouse Management.
Macy's appointed today two new independent directors Richard (Ric) Clark and Richard (Rick) Markee. It is not clear who nominated the directors.
The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.
Macy's Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management. Here's what it means for $M The department store chain has agreed to add two

Macy's Names Two Arkhouse Nominees to Board

09:16am, Wednesday, 10'th Apr 2024
Investment firm Arkhouse Management ended its proxy contest against Macy's, and withdrew its seven other director candidates.
Macy's on Wednesday named two new independent directors to its board effective immediately, ending a proxy contest with activist investor Arkhouse Management.
Macy's settles proxy fight with activist Arkhouse, adds two directors
Macy's Inc. M, +0.72% said Wednesday it's adding two independent directors to its board with immediate effect following engagement with private-equity firm Arkhouse Management Co. LP and making other
Investors need to pay close attention to Macy's (M) stock based on the movements in the options market lately.
Corey Tarlowe, Jefferies equity analyst, joins 'The Exchange' with CNBC's Melissa Repko to discuss how consumer habits benefit certain retailers, why some retailers are closing stores while others rep
Macy's closures of about 150 stores could put up to $2 billion in annual sales up for grabs for other retailers.
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