Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital ManagementMacy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital Management - The Associated Press
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Macy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. Arkhouse and Brigade offered $21 per share for the stock they don’t already own. The de…