Macy's Rejects $5.8B Takeover Bid

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  • 4 months ago
Last week, Macy's announced that it was laying off over 2,000 employees and closing five stores. After news of the development surfaced, Arkhouse and Brigade offered Macy's $21 per share ($5.8 billion) to purchase stock it doesn't already own and take over the company, ABC News reports.

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