A consortium of investors bringing together Arkhouse Management and Brigade Capital has submitted a $5.8 billion offer to take over the Macy’s MN department store chain, the Wall Street Journal reported on Sunday.
Arkhouse Management, an investment group specializing in real estate, and Brigade Capital Management, an asset manager, have made an offer of $21 per share for Macy’s shares that they do not already own, says the financial daily which does not identify its sources.
(Juby Babu in Bangalore; French version Nicolas Delame)