Macy’s ends takeover talks with investment firms, citing financing questions
By Matt Ott | The Associated Press
Macy’s is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing.
In announcing the end of negotiations on Monday, Macy’s alleged that Arkhouse Management and Brigade Capital Management did not meet its request for information by a June 25 deadline, including the highest purchase price they were prepared to pay and details about how the revised deal would be financed.
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