A Macy’s retail outlet is witnessed at Herald Sq. on December 11, 2023 in New York City.
Michael M. Santiago | Getty Images
Macy’s on Sunday rejected Arkhouse Management and partner Brigade Money Management’s $5.8 billion proposal to take the section retailer operator personal, citing concerns over deal financing and valuation.
Arkhouse Management, a true-estate-concentrated investing agency, and Brigade Capital Management, a international asset supervisor, submitted a proposal to get the shares of Macy’s they will not currently have for $21 a share, Arkhouse verified before on Sunday.
The trader group sees “the prospective for a meaningful maximize to the