Macy's Settles Proxy Fight and Adds New Directors Amid Possible Sale

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Macy's Settles Proxy Fight and Adds New Directors Amid Possible Sale
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Macy's has settled its proxy fight with Arkhouse and will add two new directors to its board as it considers a possible sale that would take the department store private.

Macy's said it would add two new directors to its 15-person board as it settles a proxy fight led by Arkhouse .

The reshuffle moves Macy's closer to a deal that could take the 165-year-old department store private.

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Macy's Proxy Fight Directors Sale Private Arkhouse Board Shareholder Value

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