Shares of Macy's, Inc. (M) sharply declined 11.7% during the trading session on Jul 15, 2024, following the announcement of the termination of discussions with Arkhouse Management Co. LP and Brigade Capital Management, LP, regarding a potential acquisition. The seven-month engagement and thorough due diligence process revealed that the proposal lacked financing certainty and did not offer sufficient value. Macy's had been in discussions with Arkhouse and Brigade since December 2023. A confidentiality agreem ...