Macy’s: Salvageable Retail Titan or Real Estate Goldmine?

This past week, Macy’s received a $5.8 billion offer from two private equity firms to privatize the retail giant. Arkhouse Management, specializing in real estate investments, and Brigade Capital Management, a global asset manager, have collectively valued the department store chain. Their offer to take the company private stands at around $21 per share, reflecting a 21% premium from Friday, December 8th’s closing price of $17. This proposal signifies the investor group’s belief that Macy’s is undervalued in the public market.

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