After months of discussion, Macy’s announced its board of directors unanimously voted to terminate the company’s engagement with Arkhouse Management Co. and Brigade Capital Management about a possible acquisition. Arkhouse and Brigade failed to make an actionable...
Macy’s has appointed two new independent directors in an accommodation with investor Arkhouse Management, which withdrew its slate of board member candidates as a result. Arkhouse wanted board changes in part due to what it perceived as Macy’s management of its real...
Faced with a proxy fight, Macy’s announced the nomination of Douglas Sesler, founder and president of Fair Street Partners, to stand for election to the company’s board of directors at its 2024 annual meeting of shareholders. Arkhouse Management Co. has nominated a...
Arkhouse Management and confederate Brigade Capital Management have upped the ante in their bid to takeover Macy’s, bringing the proposal to purchase outstanding share of Macy’s for $24 each. Macy’s acknowledged the receipt of a letter from Arkhouse outlining the new...
As the company considers investor interest in a buyout, Macy’s announced that it had received notice from Arkhouse Management Co. about its nomination of directors to the retailer’s board. In an interview with Bloomberg, Gavriel Kahane, managing partner of Arkhouse...
