Brigade Capital Management, LP and Arkhouse Management Co., LP made a non-binding offer to acquire the remaining shares of Macy's, Inc. (NYSE:M).
January 20, 2024
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Brigade Capital Management, LP and Arkhouse Management Co., LP made a non-binding offer to acquire the remaining shares of Macy's, Inc. (NYSE:M) on December 1, 2023. As of January 21, 2024, Macy's board of directors rejected the proposal for the acquisition. Jefferies LLC acted as financial advisor to Brigade Capital Management and Arkhouse Management.
Bank of America Securities and Wells Fargo & Company acted as financial advisor to Macy's. Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor to Macy's. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Brigade Capital Management, LP and Arkhouse Management Co., LP., Cadwalader, Wickersham & Taft LLP acted as legal advisor and Geoffrey Weinberg, Paul Schulman and Jonathan Eyl of Morrow Sodali Global LLC acted as information agent to Arkhouse Management Co., LP.
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.
MACY'S, INC. 
