Monday, 11 December 2023 Arkhouse Management and Brigade Capital, an investor group, have made a $5.8 billion offer to take department store chain Macy's private. The offer, a 20.76% premium from its closing on Friday, was submitted on December 1. Macy's shares rose nearly 16% on Monday. The investor group already has a big stake in Macy's and has discussed the proposal with the department store chain. It is unclear how Macy's views the offer. J P Morgan analysts estimate Macy's total real estate value at about $8.5 billion, or $31 per share, including the iconic Herald Square property worth about $3 billion.
Macy’s Shares Rise After , Reportedly Receiving $5.8 Billion Buyout Offer.
According to a person with knowledge of
the situation, an investor group has offered
$5.8 billion to take Macy's private, Reuters reports. .
The group reportedly consists of
Arkhouse Management and Brigade...
ByteDance Offers Investors a Share Buyback , at $268 Billion Valuation.
The TikTok owner wants to buy "$5 billion worth
of shares from investors," Reuters reports.
ByteDance is offering to buy them..
Credit: Wibbitz Top Stories Duration: 01:30Published
Monday, 11 December 2023
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