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Macy’s opens its books in company sale talks

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Deals

Reuters exclusively reported that Macy’s Inc has agreed to open its books to Arkhouse and Brigade Capital, a potential breakthrough in the investment firms’ $6.6 billion bid to take the U.S. department store operator private.

Market Impact

Macy’s shares jumped 3% on the news.

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Business & FinanceRetail & Consumer Goods

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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