Loading...
Market
Will Arkhouse and Brigade make another acquisition offer for Macy's by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Macy's, Arkhouse Management, or Brigade Capital
Story
Macy's Terminates Acquisition Talks with Arkhouse and Brigade, Stock Tumbles 12%
Jul 15, 2024, 12:36 PM
Macy's, Inc. announced on Monday that it has terminated discussions with Arkhouse Management and Brigade Capital regarding a potential acquisition. The decision was made because the revised proposal from Arkhouse and Brigade lacked certainty of financing and did not provide a compelling value. Despite months of engagement, the latest offer was $24.80 per share, but it was deemed non-actionable by Macy's board. Another offer was made at $24.00 per share. Following the announcement, Macy's stock tumbled 12% in pre-market trading.
View original story
Similar markets
Yes • 50%
No • 50%
Retail Opportunity Investments Corp. • 25%
Another US-based retail company • 25%
A non-US-based retail company • 25%
No major acquisition • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
CEO change • 25%
CFO change • 25%
Other executive changes • 25%
No significant changes • 25%
