Macy's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing.
Macy 's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing.
In April, Macy’s named two independent directors to its board who were pushed by activist investor Arkhouse, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain., which have held up better overall. Macy’s said it will open 15 higher end Bloomingdale’s stores and 30 luxury Bluemercury cosmetics locations to cater to customers seeking higher end services and goods.
Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal. -Cleveland-Cliffs will buy Canadian steelmaker Stelco Holdings for C$3.85 billion , it said on Monday, marking its first acquisition since a failed bid for rival U.S. Steel last year. North American steel producers have been consolidating to reduce production costs in the face of cheap imports from China that have weighed on the industry.
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The percentage of S&P 500 stocks that are outperforming the index has fallen to a record low, diving below 25%, according to Apollo Global Management.Traders Boost Rate-Cut Bets as Canadians’ Inflation Worries Ease
Macy Macy’S Arkhouse Management Brigade Macy's Stores
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