Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’

The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said “lacks compelling value.” Macy’s https://www.macysinc.com/newsroom/news/news-details/2024/Macys-Inc.-Board-of-Directors-Responds-to-Unsolicited-Non-Binding-Proposal-from-Arkhouse-and-Brigade/default.aspx [...]