Paid articlePaywallA Strong Q4 Should Keep Macy's At Value Levels:
Macy's focuses on delivering value and modernizing its own private brands. Read why M stock is worth considering ...
seekingalpha.com/article/4663420-a-strong-q4-should-keep-macys-at-value-levels
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Key FactsArkhouse and Brigade Offer $5.8B Buyout to Macy's
Dec 11, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: wwd.com
Summary created with AI assistance · Source: wwd.com
- Retailer receives a $5.8 billion buyout offer from an investor group, including Arkhouse and Brigade Capital Management.
- Macy's and Arkhouse decline to comment.
- The $21 per share bid represents a 20.8 percent premium over the company's market capitalization.
- The proposed price for Macy's is about 5.4 times EBITDA.
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