Macy’s Receives Offer from Investment Companies Arkhouse Management and Brigade Capital Management, Rejects $5.8 Billion Deal

“Macy’s” states in a statement that it has received an offer from the investment companies “Arkhouse Management” and “Brigade Capital Management” to purchase all of the company’s shares.

Speculations about a possible deal worth 5.8 billion have been circulating since December, when it was first reported by the “Wall Street Journal”.

However, “Macy’s” has rejected this offer, expressing concern about the ability of “Arkhouse Management” and “Brigade Capital Management” to finance this transaction.

The company has been plagued by financial woes for years and last week announced it was cutting 3.5% of its workforce. In addition, “Macy’s” net profit in the third quarter of last year decreased to 43 million dollars, compared to 108 million dollars in the corresponding period of a year ago.

2024-01-23 13:56:00
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