Macy’s Climbs 2% After Turning Down $5.8 Billion Bid – Why it May Be a Good Time to Buy This Stock
Two investment firms teamed up to submit a proposal to purchase Macy’s (M) back in December. After mulling over the offer for a few weeks, the retailer announced today that it would not be accepting the $5.8 billion bid brought forth. Arkhouse Management and partner Brigade Capital Management were eager to take the department [...]