{"id":196840,"date":"2023-12-11T17:39:05","date_gmt":"2023-12-11T17:39:05","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196840"},"modified":"2023-12-11T17:39:05","modified_gmt":"2023-12-11T17:39:05","slug":"macys-rises-on-news-of-buyout-offer","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/macys-rises-on-news-of-buyout-offer\/","title":{"rendered":"Macy's Rises On News Of Buyout Offer"},"content":{"rendered":"
Shares of department store chain Macy’s, Inc. (M) are rising more than 18% Monday morning on the news of a buyout proposal from a group of private investors for about $5.8 billion.<\/p>\n
As per report by The Wall Street Journal, real-estate focused investing firm Arkhouse Management and global asset manager Brigade Capital Management have submitted a proposal on December 1 to acquire the company for $21 per share, a 32.4% premium to the company’s closing price on Nov. 30. <\/p>\n
Macy’s shares, currently at $20.68, has traded in the range of $10.54 – $25.12 in the last 1 year. <\/p>\n