Loading...
Market
What will Macy's stock price be by the end of 2024?
3
Resolution / Starting Odds
Above $20 • 25%
$15 - $20 • 25%
$10 - $15 • 25%
Below $10 • 25%
Stock price data from financial markets (e.g., NYSE, Yahoo Finance, Bloomberg)
Story
Macy's Terminates $6.9B Buyout Talks with Arkhouse and Brigade, Shares Drop 15%
Jul 15, 2024, 01:05 PM
Macy's, Inc. announced on Monday that it has terminated discussions with Arkhouse Management and Brigade Capital Management regarding a potential $6.9B buyout. The decision was made after months of engagement failed to produce a viable proposal with secure financing. The revised offer of $24.80 per share was deemed non-actionable by Macy's board. Following the announcement, Macy's stock tumbled 12% in pre-market trading and later dropped 15%. Macy's cited a lack of certainty over financing and compelling value as reasons for ending the talks.
View original story
Similar markets
Below $10 • 25%
$10 to $15 • 25%
$15 to $20 • 25%
Above $20 • 25%
Outperforms sector • 25%
Matches sector performance • 25%
Underperforms sector • 25%
No significant change • 25%
Outperforms peers • 25%
Performs on par with peers • 25%
Underperforms peers • 25%
Significantly underperforms peers • 25%
Below $15 • 25%
$15 - $20 • 25%
$21 - $25 • 25%
Above $25 • 25%
Below $5 billion • 25%
$5 billion to $6 billion • 25%
$6 billion to $7 billion • 25%
Above $7 billion • 25%
Improved compared to November 2024 • 25%
Declined compared to November 2024 • 25%
Remained the same as November 2024 • 25%
Data not disclosed • 25%
Below $20 • 25%
$20 to $22 • 25%
$22.01 to $24 • 25%
Above $24 • 25%
Less than $20 • 25%
$20 to $22.99 • 25%
$23 to $25.99 • 25%
$26 or more • 25%