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“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 rejection, while Arkhouse said it has a letter from investment bank Jefferies Group that backs up its ability to raise funds. Neither side will elaborate on what the money concerns are…”

https://finance.yahoo.com/news/why-macys-rejected-its-58-billion-buyout-bid–and-whats-next-231609886.html

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