Published 07:58 IST, January 22nd 2024
Macy's rejects Arkhouse's $5.8 billion bid, citing financing, valuation concerns
The bid from Arkhouse and Brigade has shed light on Macy's perceived undervaluation, especially in relation to its real estate assets.
The rejection of the bid raises questions about the future strategies and potential suitors for Macy's | Image:
AP Photo
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07:58 IST, January 22nd 2024