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Macy's Rejects Takeover Bid, but Remains 'Open to Opportunities'

The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’ ....

Jeff Gennette , Columbia Property , Toysr Us , Columbia Property Trust , Mergers And Acquisitions , Commercial Real Estate , Macy X27 S , Jeffrey Gennette , Tony Spring ,

Macy's rejects takeover bid, but remains 'open to opportunities'

Macy’s rejected a $5.8 billion takeover bid late Sunday that valued the struggling department store chain at roughly 20 percent above its closing share price on Friday, but suggested it was “open to opportunities.” ....

New York , United States , Jeff Gennette , Toysr Us , Columbia Property , New York Times , Columbia Property Trust , Tony Spring ,