M Stock Plunges 13% as Macy's Calls Off Take-Private Talks
Macy's(M) Investor Place·2024-07-16 00:22
Macy’s (NYSE:M) stock is falling on Monday after the retailer called off talks of a deal that would have taken shares of M private.Macy’s revealed in a press release today that it is no longer moving forward with negotiations to take the company private. It was previously working with Arkhouse Management Co. LP and Brigade Capital Management, LP on the deal.Macy’s says the negotiations were shut down by its board of directors as the two investment firms failed to create an actionable proposal. Instead, the ...