YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Macy's rejects takeover offer

Posted online

Macy's has rejected a $5.8 billion takeover offer.

Company officials cited a "lack of compelling value" from the offer sent by Arkhouse Management and Brigade Capital Management.

Macy's also announced plans to close five stores and cut its workforce by 3.5%.

Read more from Axios.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences