Arkhouse and Brigade Capital raise bid for Macy’s to $24 per share
Arkhouse Management Co. LP and Brigade Capital Management have increased their all-cash offer to buy Macy’s for $24 per share, a 51.3% premium over the retailer’s share price before their initial bid in December 2023. The buyer group, which also includes Fortress Investment Group LLC and One Investment Management US as equity partners, urged Macy’s…