December 11, 2023 BY Elizabeth Anderson
Macy's department store considers $5.8bn investment offer
At the close of Friday 8th December’s market, Macy’s shares were trading at $17.39. The investing group, however, have offered $21 per share, higher than current prices but far lower than 2015 when the store’s shares hit $70. A spokesperson from Macy’s noted the slowdown of in-store spending, and the rise of online purchases which…
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