Arkhouse and Brigade Increase Macy's Buyout Offer to $6.6 Billion

The revised bid comes as Macy's plans to close 150 stores and faces pressure from the investment firms.

Arkhouse Management and Brigade Capital Management raised their buyout offer for Macy's to $6.6 billion, up from $5.8 billion.
The new offer values Macy's shares at $24 each, a significant premium over the recent closing price.
Macy's board is reviewing the revised, unsolicited proposal amidst ongoing restructuring efforts.
The investment firms express frustration over Macy's board's delay tactics and refusal to engage.
Macy's plans to close 150 stores by 2026 as part of a strategy to focus on more productive locations.