AssetID: 53296145
Headline: Macy's Shares Rise After Reportedly Receiving $5.8 Billion Buyout Offer
Caption: According to a person with knowledge of the situation, an investor group has offered $5.8 billion to take Macy's private, Reuters reports. The group reportedly consists of Arkhouse Management and Brigade Capital. They want to buy any Macy's stock that they don't already have for $21 per share, sources say. That represents a 20.76% premium from the stock's closing price of $17.39 on Dec. 8, Reuters reports.
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