July 19, 2024

Macy’s stock rallies as Arkhouse, Brigade reportedly sweeten their buyout offer

 Macy’s stock rallies as Arkhouse, Brigade reportedly sweeten their buyout offer

Macy’s stock rallies as Arkhouse, Brigade reportedly sweeten their buyout offer

After earlier unsuccessful buyout bids for Macy’s Inc., investment firms Arkhouse Management and Brigade Capital Management are trying again, raising their offer for the retailer by around $300 million, the Wall Street Journal reported on Wednesday.