Macy’s Stock Surges to $24.80 in 2025 Amid Increased $6.9B Takeover Bid
In 2025, Macy’s shares jump 11% after activist investors Arkhouse Management and Brigade Capital Management raise their takeover offer to $24.80 per share, valuing the deal at $6.9 billion. Discover the latest updates on this high-stakes acquisition attempt.
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Essential Highlights
- Activist investors Arkhouse Management and Brigade Capital Management have increased their bid to acquire Macy’s.
- The Wall Street Journal reports the latest offer stands at $24.80 per share, up from $21 in December and $24 in March.
- This news triggered an approximately 11% surge in Macy’s stock during intraday trading on Friday.
Macy’s (M) stock experienced significant gains in intraday trading on Friday following reports that activist investors Arkhouse Management and Brigade Capital Management have sweetened their acquisition proposal for the leading U.S. department store chain.
The Wall Street Journal revealed that the firms raised their bid by around $300 million, bringing the total offer to $6.9 billion. The $24.80 per share offer represents a 38.3% premium over Macy’s closing price the prior Wednesday.
Third Acquisition Attempt Since December 2023
The initial $21-per-share offer in December was rejected by Macy’s board, prompting Arkhouse and Brigade to engage in a proxy battle. This culminated in the investors supporting two new board members. In March, they returned with a $24-per-share bid.
When contacted by ZAMONA, Arkhouse representatives declined to comment. Macy’s response is still pending.
Following the announcement, Macy’s shares surged approximately 11% to $19.88 by 11:30 a.m. ET on Friday, despite a slight year-to-date decline of about 1% for 2024.
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