“Macy’s shares surge 21% after it receives $5.8 billion buyout offer”
December 29, 2023
“Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told CNBC on Sunday.
The offer values the retailer at $21 per share, according to the sources. Macy’s closed at just over $17 a share on Friday, down roughly 17% since the start of the year. The company’s shares closed nearly 20% higher on Monday…”
https://www.cnbc.com/2023/12/11/macys-receives-5point8-billion-buyout-offer-sources-say.html
This article was released early December. It’s not current just so everyone knows.