© Reuters.
Investing.com– An investor group consisting of Arkhouse Management and Brigade Capital hiked its offer to take department store chain Macy’s Inc (NYSE:) private on late-Sunday, just months after the firm rejected an earlier offer.
The group is now offering $24 per Macy’s share, up from its earlier offer of $21 per share, it said in a press release on late-Sunday. The offer is a 33% premium to Macy’s close on Friday, and values the chain at about $6.6 billion.
Arkhouse said that the group was open to further increasing the takeover price.
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