Macy's Stock Surges on $5.8 Billion Buyout Bid

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Source: Barron's
Macy's Stock Surges on $5.8 Billion Buyout Bid
Photo: Barron's
TL;DR

Macy's stock is surging after reports of a $5.8 billion buyout bid, making the company a takeover target once again. Experts believe Macy's attractive real estate assets are contributing to the increased interest in the retailer.

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