Look, Macy’s should probably sell itself

Macy’s board should probably push for a little more money, then exit stage left into private ownership.

Macy’s received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management, a source familiar with the matter confirmed to Yahoo Finance. The offer — which values Macy’s at about $21 a share — was reportedly submitted on Dec. 1. Read more at Yahoo Finance

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