The FX PostThe FX Post
    What's Hot

    Man charged in New York with 3-week kidnapping to try to steal Bitcoin

    May 30, 2025

    Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

    May 29, 2025

    Second suspect in New York bitcoin kidnapping surrenders to police

    May 28, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Macy’s Rejects $5.8 Billion Takeover Offer; Shareholders May Become Targets
    News

    Macy’s Rejects $5.8 Billion Takeover Offer; Shareholders May Become Targets

    January 22, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Macy’s, the world-renowned department store chain, has recently turned down an unsolicited offer of $5.8 billion to go private. In response, the bidding parties, private equity firms Arkhouse and Brigade Capital, have issued a warning that they may bypass board approval and approach shareholders directly.

    Despite Macy’s stock experiencing a 25% decline over the past year, it has seen a significant surge of 56% in the last three months due to speculative rumors of a potential buyout. The rejection comes after Macy’s confirmed that the offer was made on December 1st at a price of $21 per share.

    The board rejected the bid, claiming that it did not provide sufficient value to the shareholders. However, Arkhouse has made it clear that they are not giving up easily and may choose to go hostile by directly appealing to the shareholders.

    This offer may attract disgruntled shareholders who have grown frustrated with Macy’s ongoing efforts to adapt to the 21st-century retail landscape. Macy’s, a retail establishment that originated as a dry goods store in New York in 1858, has been struggling to keep up with fierce online competition.

    Similar challenges have been faced by other prominent department stores such as JCPenney, Nordstrom, and Kohl’s, all of whom have seen their market share eroded by online giant Amazon.

    To combat these difficulties, Macy’s recently announced a further reduction in its workforce by laying off approximately 2,350 employees, constituting a 3.5% decrease. The company has been engaged in extensive reorganization efforts for several years in an attempt to streamline operations and cut costs.

    As part of this ongoing shift, CEO Jeff Gennette is set to step down in the coming weeks and will be succeeded by Tony Spring.

    Written by Brian Swint

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    challenges Macy's Retail Landscape Shareholders Takeover offer
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Man charged in New York with 3-week kidnapping to try to steal Bitcoin

    May 30, 2025

    Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

    May 29, 2025

    Second suspect in New York bitcoin kidnapping surrenders to police

    May 28, 2025

    Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival

    May 28, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    9  +  1  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Man charged in New York with 3-week kidnapping to try to steal Bitcoin
    • Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026
    • Second suspect in New York bitcoin kidnapping surrenders to police
    • Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival
    • Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.