Macy’s said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.
New Insider Deals are here, and you’re going to love them!FILE - Shoppers enter a Macy's department store in Bay Shore, Long Island, New York, Dec. 12, 2023. Macys said Wednesday, April 10, 2024, it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.
Macy’s said Wednesday that the board was engaging with Arkhouse and Brigade on their buyout proposal. It noted it had provided them with certain confidential information so that they could conduct due diligence. Macy’s said its board is “open-minded” about creating shareholder value.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Macy’s Settles With Arkhouse on Proxy Fight, but Takeover Possibility Still LoomsMacy's ends proxy battle with activist investor Arkhouse which seeks to buy the retailer.
Read more »
Macy's appoints two new directors; ends proxy contest with ArkhouseMacy's appoints two new directors; ends proxy contest with Arkhouse
Read more »
Macy’s Inc. Taps Michael Krans to Run Media NetworkMacy's Inc. hires Michael Krans to lead Macy's Media Network.
Read more »
Cooler air returns Wednesday and another hard freeze Wednesday night | Live Doppler 13 Weather BlogIt is the first full day of spring and, oddly enough, it feels like winter in Indiana.
Read more »
First Alert Weather Day declared for Wednesday and Wednesday nightVery heavy rain, strong to severe storms and gusty winds are expected to impact the area.
Read more »