April 16, 2024
Finance

Macy’s rejects Arkhouse’s $5.8 billion bid, citing financing concerns

A Macy’s store is seen at Herald Square on December 11, 2023 in New York City.  Michael M. Santiago | Getty Images Macy’s on Sunday rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset

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