Macy's Ends Buyout Discussions With Arkhouse and Brigade.

(Bloomberg) -- Macy's Inc. has ended talks with Arkhouse Management Co. and Brigade Capital Management on their revised buyout offer for the department store chain.Financing for Arkhouse and Brigade's proposal lacks certainty and does not provide compelling value, the company said Monday in a statement.Shares of Macy's tumbled 12% as of 8:41 a.m. before regular trading in New York.©2024 Bloomberg L.P.By Max ZimmermanReported by Author [Extracted from the article]