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US retailer Macy's ends acquisition talks with Arkhouse & Brigade

16 Jul '24

6 min read

US retailer Macy's ends acquisition talks with Arkhouse and Brigade

Pic: Macy

Insights

US retailer Macy's, Inc has ended talks with Arkhouse Management and Brigade Capital Management after seven months of engagement failed to result in a compelling, fully financed acquisition proposal.
The Board will now focus on enhancing shareholder value through its "A Bold New Chapter" strategy, aimed at sustainable growth and improved customer service.

Proposal Lacks Certainty of Financing and Compelling Value

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 **** expressing interest in acquiring the Company.

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| US retailer Macy's ends acquisition talks with Arkhouse & Brigade

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US retailer Macy's ends acquisition talks with Arkhouse & Brigade

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