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Macy's, Arkhouse Achieve Detente -- For Now 04/11/2024

Macys Arkhouse Achieve Detente For Now 04112024
The department store giant adds two would-be acquirers to the board of directors.

Macy’s, the uncomfortable recipient of a buyout bid, is declaring a partial win. Arkhouse Capital, which proposed a $5.8 billion offer in January, dropped its proxy contest.

In exchange, the retailer has named Richard Clark and Richard L. Markee -- both of whom were put forward by Arkhouse -- to …

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