STOXPO
  • Latest News
  • Technology
    • Software
    • Semiconductors
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions
No Result
View All Result
  • Latest News
  • Technology
    • Software
    • Semiconductors
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions
No Result
View All Result
STOXPO
No Result
View All Result
Home Companies Mid-Cap
macy's-storefront

Macy’s Opens Books to Potential Buyers, Shares Surge

byLiliana Vida
March 20, 2024
in Mid-Cap, Retail
Reading Time: 1 min read
Share on TwitterShare on LinkedIn

Department Store Operator Enters Confidentiality Pact with Arkhouse and Brigade Capital, Signaling Progress in Acquisition Talks

Macy’s Inc has made a significant move by agreeing to share its financial information with Arkhouse and Brigade Capital, signaling potential progress in the investment firms’ $6.6 billion bid to privatize the U.S. department store giant. Previously, Macy’s had rebuffed acquisition offers from the two firms.

The confidentiality pact allows for the exchange of sensitive data, potentially aiding Arkhouse and Brigade in securing debt commitments for financing the deal. Investment bank Jefferies Financial Group has expressed confidence in providing debt financing, while equity commitments have been made by firms like Fortress Investment Group and One Investment Management US.

Shares of Macy’s surged by 3% to $22.09 following the announcement, reflecting investor optimism about the potential deal. Arkhouse and Brigade have raised their offer from $21 to $24 per share and remain open to further increases. However, there is no certainty that negotiations will result in a transaction, cautioned sources familiar with the matter.

As discussions unfold, Arkhouse has also initiated a board challenge against Macy’s, aiming to replace a majority of directors with nine candidates. Meanwhile, Macy’s continues its restructuring efforts, including store closures, to navigate challenges in consumer spending.

You might like this article:MicroStrategy Boosts Bitcoin Holdings, Now Owns 1% of Supply

Previous Post

MicroStrategy Boosts Bitcoin Holdings, Now Owns 1% of Supply

Next Post

BioNTech Reports Revenue Plunge as Focus Shifts to Cancer Drugs

Related Posts

Autodesk Shares Climb After Report Company Abandons PTC Acquisition Plans

byLuca Blaumann
July 14, 2025
0

Software giant shifts focus back to smaller, strategic acquisitions amid investor pressure and pricing concerns Autodesk (ADSK) shares rose nearly...

KULR Boosts Bitcoin Holdings to Over 1,000 BTC, Reports 291% Year-to-Date BTC Yield

byLiliana Vida
July 10, 2025
0

Company leverages surplus cash and credit facility to deepen Bitcoin-first strategy and enhance shareholder value Join KULR's Telegram Account @KULRBTC...

bitcoin-1

KULR Technology Secures $20 Million Bitcoin-Backed Credit Facility from Coinbase

byLuca Blaumann
July 8, 2025
0

New financing provides non-dilutive capital to support KULR’s strategic Bitcoin accumulation plans KULR Technology Group (KULR) announced Monday that it...

Next Post
vaccine-2

BioNTech Reports Revenue Plunge as Focus Shifts to Cancer Drugs

Latest News

MP Materials Stock Surges on $500M Apple Deal to Boost U.S. Supply Chain

Rivian Rolls Out Custom Google Maps Integration to Elevate In-Car Navigation

BlackRock Hits $12.5 Trillion in Assets, But Revenue Miss Spurs Stock Slide

Coinbase Shares Rise as Analysts Boost Target Ahead of Crypto Policy Push

Ferrero to Acquire WK Kellogg for $3.1 Billion in Strategic Breakfast Expansion

Based on Your Interest

Distributor

Autodesk Shares Climb After Report Company Abandons PTC Acquisition Plans

July 14, 2025
bitcoin-1
Bitcoin

Bitcoin Hits Record High Above $118,000 as Institutional Inflows Surge

July 11, 2025
investing
Internet

Alibaba’s $100 Billion Wipeout Highlights Mounting Pressure in China’s Food-Delivery War

July 11, 2025

Recommended

Mega-Cap

AMD Stock Surges as Analysts See AI Chips Rivaling Nvidia’s

July 11, 2025
Bitcoin

KULR Boosts Bitcoin Holdings to Over 1,000 BTC, Reports 291% Year-to-Date BTC Yield

July 10, 2025
Airlines

Delta Reinstates 2025 Profit Outlook, But Summer Travel Outlook Lifts Shares

July 10, 2025
Ground Transportation

Uber Rides High on AV Partnerships and Strategic Momentum

July 9, 2025
Mega-Cap

Nvidia Becomes First Public Company to Top $4 Trillion in Market Value

July 9, 2025
Stoxpo

Follow us on social media:

Highlights

  • MP Materials Stock Surges on $500M Apple Deal to Boost U.S. Supply Chain
  • Rivian Rolls Out Custom Google Maps Integration to Elevate In-Car Navigation
  • BlackRock Hits $12.5 Trillion in Assets, But Revenue Miss Spurs Stock Slide
  • Coinbase Shares Rise as Analysts Boost Target Ahead of Crypto Policy Push
  • Ferrero to Acquire WK Kellogg for $3.1 Billion in Strategic Breakfast Expansion

Category

  • Blog
  • Communication Services
    • Entertainment
    • Internet
    • Telecommunications
  • Companies
    • Large-Cap
    • Mega-Cap
    • Micro-Cap
    • Mid-Cap
    • Small-Cap
  • Consumer Cyclical
    • Auto Manufacturers
    • Casinos & Gambling
    • Ground Transportation
    • Hospitality
      • Casinp
      • Resorts & Lodging
      • Restaurants
      • Travel
        • Airlines
    • Retail
    • Textiles, Apparel & Luxury Goods
  • Consumer Defensive
    • Beverages
    • Discount Stores
    • Distributor
    • Ecommerece
    • Electrical Equipment
    • Foods
    • Household & Personal Products
    • Leisure Products
    • Tobacco
  • Contributions
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Economy
  • Energy
    • Electric
    • Oil & Gas
    • Renewables
  • Financial Services
    • Asset Management
    • Banks
    • Brokerages
    • Credit Services
    • Insurance
  • Healthcare
    • Biotechnology
    • Medical Devices
    • Pharmaceuticals
  • Industrials
    • Aerospace & Defense
    • Construction
    • Industrial Machinery
  • Materials
    • Building Materials
    • Chemicals
    • Gold
    • Mining
    • Silver
    • Steel
  • Q&A's
  • Real Estate
  • Technology
    • Artificial Intelligence
    • Computer Hardware
    • Consumer Electronics
    • Cybersecurity
    • IT Services
    • Semiconductors
    • Software
  • Utilities

Latest News

mining

MP Materials Stock Surges on $500M Apple Deal to Boost U.S. Supply Chain

July 15, 2025
Rivian Electric Pickup Truck

Rivian Rolls Out Custom Google Maps Integration to Elevate In-Car Navigation

July 15, 2025
trading-chart-2

BlackRock Hits $12.5 Trillion in Assets, But Revenue Miss Spurs Stock Slide

July 15, 2025
  • About
  • Privacy Policy
  • Contact

© 2024 All Rights Reserved: STOXPO.

No Result
View All Result
  • Latest News
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Technology
    • Software
    • Semiconductors
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions

© 2024 All Rights Reserved: STOXPO.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More

In case of sale of your personal information, you may opt out by using the link Do Not Sell My Personal Information

Accept Cookie Settings
Cookies are small text files that can be used by websites to make a user's experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
  • Always Active
    Necessary
    Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
  • Marketing
    Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
  • Analytics
    Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
  • Preferences
    Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
  • Unclassified
    Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
Cookie Settings

Do you really wish to opt-out?