U.S. Stock Market News | Investment group raises acquisition offer, Macy's surges over 10%
Macy's stock price rose by over 10% to $19.88 due to an investment group raising its acquisition offer. Arkhouse Management and Brigade Capital Management recently proposed to increase their acquisition offer for Macy's by around $30 million. These two companies had previously proposed to acquire Macy's at a price of $24.8 per share, with a total acquisition amount of $6.9 billion
According to Zhitong Finance, on Friday, Macy's (M.US) stock price rose, with the stock up over 10% to $19.88 at the time of publication. On the news front, after Arkhouse Management and Brigade Capital Management failed to succeed in their previous two bids, they recently proposed to increase their offer by about $30 million. These two companies had previously proposed to acquire Macy's at a price of $24.8 per share, with a total acquisition amount of $6.9 billion