Macy's Terminates Talks With Arkhouse Management And Brigade Capital Amid Financing Uncertainty
(RTTNews) - Macy's, Inc. (M) announced Monday that its Board of Directors has unanimously determined to terminate discussions with Arkhouse Management Co. LP, and Brigade Capital Management, LP following months of engagement with then on an acquisition proposal.
Macy's said the discussions have failed to lead to an actionable proposal with certainty of financing at a compelling value.
Macy's noted that the Board intends for the management team to return its full focus to enhancing shareholder value through the execution of the Company's "A Bold New Chapter" strategy.
The Macy's, Inc. Board and management team have engaged in good faith with Arkhouse and Brigade for more than seven months since their initial outreach in December 2023 expressing interest in acquiring the Company.
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Target, TJX, Macy's Q2 Earnings Top Estimates
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Macy's Q3 Results Top Estimates; Narrows FY23 Outlook Range
Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a third-quarter net income of $43 million or $0.15 per share, sharply lower than $108 million or $0.39 per share in the prior-year quarter.
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Macy's, Dollar General Q1 Profits Decline
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Best Buy, Macy's Q4 Results Top Estimates; Big Lots Slips To Loss In Q4
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Macy's, Kohl's Q3 Results Top Estimates, While Children's Place Adj. EPS Missed
Omni-channel fashion retailer Macy's, department store chain Kohl's and specialty apparel retailer The Children's Place reported on Thursday that net profit for the third quarter approximately halved from last year, primarily on lower margins and higher expenses, apart from a single-digit percentage drop in net sales.
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Macy's To Now Bring Toys"R"Us Brand To Every Macy's Store In The US
Macy's, Inc. (M) announced Monday that it has expanded its partnership with WHP Global to bring the Toys"R"Us brand to every Macy's store in America this holiday season. This comes nearly a year after the expansive assortment of Toys"R"Us products were made online exclusively at macys.com/toysrus and ToysRUs.com, powered by Macy's digital and fulfillment ecosystem.
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Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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6s 41 dakika önce
