On Monday, the Macy's board said discussions with Arkhouse and Brigade "failed to lead to an actionable proposal with certainty of financing at a compelling value.". The news sent the retailer's ...

Macy's scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, sending its shares down 15% ...

Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations Macy’s is in the middle of a turnaround effort led by CEO Tony Spring, who stepped into the top job in February.

After Monday’s announcement, Macy’s stock was trading at $15.89 per share. When the takeover bid was rejected, it was above $16 per share. Macy’s said it would present a full third quarter ...

Macy's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing. In announcing the end of negotiations on Monday ...