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Business

“Why Macy’s rejected its $5.8 billion buyout bid — and what’s next”

“…The once darling department store faces an uncertain future after it rejected a $5.8 billion buyout offer from one of its shareholders, Arkhouse, and its partner Brigade Capital Management, on Sunday. Macy’s cited financing issues as a reason for the… Continue Reading…

Stocks

“Macy’s shares surge 21% after it receives $5.8 billion buyout offer”

“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… Continue Reading…

Business, Precious Metals

“Japan Chip Linchpin Soars on $7 Billion Government Buyout Talk”

“JSR Corp., the largest maker of a compound essential to all chipmaking, surged by its daily limit after a report the government-backed Japan Investment Corp. may buy out the company for roughly ¥1 trillion ($7 billion)… JSR controls roughly 30%… Continue Reading…