Macy's (M) Terminates Discussions with Arkhouse and Brigade
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Macy’s, Inc. Terminates Discussions with Arkhouse and Brigade
July 15, 2024 8:30 AM EDTRevised Proposal Lacks Certainty of Financing, Remains Non-Actionable and Does Not Provide Compelling Value
Reiterates Board and Managements Commitment to Shareholder Value Creation and Confidence in A Bold New Chapter Strategy
NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today announced that, following months of engagement with Arkhouse Management Co. LP (Arkhouse) and Brigade Capital Management, LP (Brigade), its Board of Directors (the Board) has unanimously determined to terminate discussions with Arkhouse and Brigade that have failed to lead to an actionable proposal with certainty of... More
