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Activist Investors Raise Macy’s Buyout Bid to $6.6 Billion

Investment firms Arkhouse Management and Brigade Capital Management is offering to acquire Macy’s stock they don’t already own for $24 per share, 14 percent above its previous offer from December.
Macy's Herald Square flagship department store in Midtown Manhattan.
Macy's Herald Square flagship department store in Midtown Manhattan. (Shutterstock)

Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy’s after the department store chain rebuffed their prior proposal as too low.

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