Investor group raises bid for Macy’s to $6.6B
WASHINGTON, D.C.: An investor group that offered to buy the struggling US department store chain Macy’s in December and was turned down said Sunday it has sweetened its bid. Arkhouse Management and Brigade Capital Management, which originally offered $5.8 billion, have upped this by nearly $1 billion by now offering $24 per share, compared to […]
Tomas Kauer - News Moderator 
WASHINGTON, D.C.: An investor group that offered to buy the struggling US department store chain Macy’s in December and was turned down said Sunday it has sweetened its bid.
Arkhouse Management and Brigade Capital Management, which originally offered $5.8 billion, have upped this by nearly $1 billion by now offering $24 per share, compared to $21 back in December. This values the takeover at $6.6 billion.
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