Macy's Receives $5.8B Buyout Bid

Investor Group Eyes Macy’s in a $5.8 Billion Buyout Bid.

An investor group led by Arkhouse Partners and Brigade Capital Management has recently submitted a proposal to acquire the renowned retailer Macy's in a deal worth $5.8 billion. The offer, which equates to $21 per share, signifies a pivotal moment in the history of the famed American department store chain.

Arkhouse Partners, a private equity firm with a…