Shares of Macy's, Inc. (M) jumped 9.5% on Jul 5, 2024 amid reports that activist investor Arkhouse Management and partner Brigade Capital Management have again sweetened their offer for the biggest U.S. department store chain.The Wall Street Journal reported Jul 3, 2024 that the firms raised their bid for Macy's by about $300 million to $6.9 billion. Their latest bid of $24.80 per share for shares they do not already own represents a 38.3% premium over Macy's closing price on Wednesday.This would mark the d ...