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Two investor groups are upping the ante on their bid to buy Macy's after prior rejection.
CNBC's Leslie Picker with Gavriel Kahane, Arkhouse managing partner, joins 'Power Lunch' to discuss Arkhouses's bid to buy Macy's.
Oliver Chen, TD Cowen senior retail analyst, joins 'Power Lunch' to discuss the company downgrading Macy's.
Macy's shares jumped 16% before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the U.S. department store operator
Macy's (M) activist investor groups Arkhouse Management and Brigade Capital Management raised their buyout bid on the retailer to $6.6 billion. Macy's rejected a previous bid valued at $5.5 billion in
Late this Sunday night Arkhouse and Brigade Capital raised their offer to acquire Macy's to $24.00 per share, up from their previous offer of $21.00 per share.

Macy's Stock Rises on Revised Buyout Offer

10:34am, Monday, 04'th Mar 2024
Macy's Inc (NYSE:M) is 16.1% higher at $20.92 this morning, after Arkhouse Management revised its buyout offer.

Arkhouse and Brigade Raise Offer for Macy's

10:20am, Monday, 04'th Mar 2024
Arkhouse Management Co. and Brigade Capital Management boosted their offer for Macy's Inc. by 14% after the retailer rebuffed a previous proposal. Macy's is reviewing the proposal.
Department store chain Macy's (NYSE: M ) stock rose 15% over the weekend after an investor group raised their bid for the company to $6.6 billion. The potential buyers bid $5.8 billion for the company
Macy's, Inc. (NYSE:M) has received a $6.6 billion takeover offer from a consortium of hedge fund firms, whose previous bid was turned down earlier this year. Arkhouse Management and Brigade Capital
The investor group shopping for Macy's are willing to pay a chunk more to secure the purchase of the department store chain.
Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy's after the department store chain rebuffed their prior

Investors raise Macy's buyout bid - WSJ

05:18pm, Sunday, 03'rd Mar 2024
An investor group seeking to buy Macy's is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported on Sunday.

Investors Raise Macy's Buyout Bid

05:00pm, Sunday, 03'rd Mar 2024
Arkhouse and Brigade are now offering $24 a share, up from $21.
Here are some of the major companies whose stocks moved on the week's news.
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