Macy's store is seen in Manhattan, New York.
2024-07-18 666词 中等
The future of Macy’s has been in question since December, when Arkhouse Management and Brigade Capital Management, two buy-out firms, were reported to be circling the retailer. After their takeover offer valuing it at $5.8bn was rejected in January, the duo began to agitate for a shake-up of its board. Macy’s then agreed to talks on a sweetened proposal and handed two seats on its board to the interlopers. On July 15th, however, it called off discussions, blaming uncertainty over how the deal would be financed. Its share price plummeted by 12%, lowering its market value to $4.7bn.
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