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...
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...
Macy’s issued its first public response to an unsolicited, non-binding proposal from Arkhouse Management Co. and Brigade Capital Management on December 1 to acquire all outstanding Macy’s shares for $21 per share in cash. Macy’s management stated its board...
After a report about a potential buyout bid for Macy’s in the Wall Street Journal, Macy’s has found itself in the spotlight as action on the stock market drew attention to the unconfirmed rumors and analysts began to speculate on the likelihood of such a...
