Macy's Inc. (M)
Bull Signal Flashing for Struggling Macy's Stock
Shares of Macy's Inc (NYSE:M) are up 0.4% to trade at $16.92 at last check, brushing off a price-target cut to $17 from $22 at ISI Evercore.
Here's Why Macy's (M) Stock Sees a Sharp Drop in the Market
Macy's (M) stock declines on Jul 15, 2024, after terminating acquisition talks with Arkhouse and Brigade due to financing uncertainties and insufficient value.
Macy's: Broken Market
Macy's, Inc. terminated discussions with investment firms offering a lowball acquisition price. The investment firms made offers far below the true value of Macy's real estate assets, and the company questions the legitimacy of the deal financing. The stock has dipped due to the broken stock market, with Macy's only trading at 6x EPS targets, while the potential exists for a higher buyout offer.
Macy's Board Ends Acquisition Talks With Arkhouse, Brigade
The Macy's board of directors has unanimously decided to end acquisition talks with Arkhouse Management and Brigade Capital Management. The decision follows more than seven months of engagement that included a due diligence process, Macy's said in a Monday (July 15) press release.
Macy's shares slide as retailer ends buyout talks with Arkhouse, Brigade
Retail giant Macy's revealed on Monday it will stop engaging in talks with Arkhouse Management and Brigade Capital Management about a potential acquisition.
Why Macy's Is Crashing Today
Macy's has rejected a raised buyout offer that would have taken the company private. Another -- or more generous -- acquisition offer, however, isn't apt to materialize in the near or distant future.
M Stock Plunges 13% as Macy's Calls Off Take-Private Talks
Macy's (NYSE:M) stock is falling on Monday after the retailer called off talks of a deal that would have taken shares of M private. Macy's revealed in a press release today that it is no longer moving forward with negotiations to take the company private.
Macy's junk bonds that would pay off in the event of a takeover fall after talks end with private-equity suitors
Two series of bonds have change-of-control language that would require payment at 101 cents on the dollar.
Macy's Stock Plunges After It Ends Arkhouse, Brigade Buyout Talks
After months of negotiation, Macy's (M) on Monday said it had ended talks with would-be buyers Arkhouse Management and Brigade Capital Management.
Macy's scraps talks to go private for $6.9B with activist investors Arkhouse and Brigade
Macy's board “unanimously determined to terminate discussion with Arkhouse and Brigade that have failed to lead to an actionable proposal with certainty of financing at a compelling value.”
Macy's Stock Is Sinking. Buyout Talks End Without a Deal.
The department-store chain ended discussions that have “failed to lead to an actionable proposal with certainty of financing at a compelling value.”
Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations
Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations
