(Boursier.com) — Macy’s, the American chain of stores, climbs 16% before market on Wall Street. Arkhouse Management and Brigade Capital Management have in fact improved their offer to buy Macy’s to $24 per share, approximately 14% more than the previous offer of $21 per share, for a total valuation of $6.6 billion. Macy’s previously rejected a $5.8 billion proposal from Arkhouse and Brigade Capital Management, saying its value was unattractive. The channel also refused to enter into talks, doubting the financing of the offer. Macy’s confirmed receipt of the new, revised, unsolicited offer yesterday. The channel’s board of directors will study the proposal.
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