Macy's Shares Plunge After Ending Buyout Talks
TL;DR Summary
Macy's stock dropped after the company ended buyout talks with Arkhouse Management and Brigade Capital Management, citing a lack of compelling value and certainty of financing. The retailer plans to pursue its own turnaround strategy, but Wall Street remains skeptical.
- Macy's stock sinks after Arkhouse, Brigade buyout talks end Yahoo Finance
- Macy’s rejected a takeover offer and is betting on itself CNN
- Macy's ends buyout talks with Arkhouse and Brigade after months of negotiations CNBC
- Macy’s Terminates Buyout Talks With Investor Group The Wall Street Journal
- Macy's ends buyout talks on valuation worries, shares slump Yahoo Finance
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