Macy's shares are trading higher after the Wall Street Journal reported that Arkhouse and Brigade raised their offer for the company to $24.80 per share, up from $24 per share.
Portfolio Pulse from Benzinga Newsdesk
Macy's shares are trading higher after the Wall Street Journal reported that Arkhouse and Brigade raised their offer for the company to $24.80 per share, up from $24 per share.
July 05, 2024 | 3:01 pm
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Macy's shares are trading higher following a report that Arkhouse and Brigade have increased their offer for the company to $24.80 per share, up from $24 per share.
The increased offer from Arkhouse and Brigade indicates a higher valuation for Macy's, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100