Macy's rejects $5.8 bn takeover bid from Arkhouse, citing financing & valuation concerns
In a decisive move, Macy’s has rebuffed the $5.8 billion proposal from Arkhouse Management and Brigade Capital Management to take the retail giant private. The bid, which aimed to acquire the shares Macy’s doesn’t already own at $21 per share, was rejected on Sunday.
Source: wionews.com