"Concerns and Hopes: The Macy's Takeover Saga"
TL;DR
Macy's rejected a $5.8 billion buyout offer, citing a lack of evidence of a viable financing plan, leading to concerns among its wholesale partners about the company's future and the potential impact on their business relationships. Jan Kniffen, CEO of J Rogers Kniffen WorldWide, emphasized the partners' desire for Macy's to continue as an ongoing operating company with plenty of stores, expressing concerns about a potential outcome similar to Sears. Additionally, there is speculation about the market value of Macy's real estate, which is estimated at $8.5 billion.
- What Macy's partners are concerned about after rejected bid Yahoo Finance
- Macy’s rejects a $5.8 billion unsolicited takeover offer CNN
- Arkhouse's Kahane Hopes to Raise Offer for Macy's Bloomberg Television
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- Arkhouse Urges Macy's (M) to Open Books After Seeing Bid Rejected Bloomberg
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