Macy's, Inc. (0JXD.L)
| Previous close | 19.34 |
| Open | 0.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 0.00 - 0.00 |
| 52-week range | |
| Volume | |
| Avg. volume | 7,960 |
| Market cap | 58.833M |
| Beta (5Y monthly) | 2.19 |
| PE ratio (TTM) | 0.04 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Barrons.com
Macy’s Settles Its Proxy Fight. What Happens Now.
Investment firm Arkhouse Management ended its proxy contest against the retailer, and withdrew its seven other director candidates.
- Associated Press Finance
Macy's names 2 independent directors as part of agreement with activist investor
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. Macy's said the directors — Ric Clark and Rick Markee — will join the finance committee effective immediately and oversee the evaluation of and make recommendations to the full board regarding the acquisition proposal submitted by Arkhouse and Brigade Capital Management, LP that Macy's had opposed.
- Reuters
Macy's adds two directors to settle with Arkhouse; carries on with deal talks
The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal. In March, Arkhouse and Brigade raised their offer to acquire Macy's stock they do not already own for $24 per share, valuing the retailer at $6.6 billion, after the company rejected an earlier bid made in December. Arkhouse, which has a 4.4% stake in Macy's, then nominated nine director candidates to the company's board in February, triggering a proxy battle.
