Individuals wait in line outdoors Macy’s earlier than opening on “Black Friday” in New York Metropolis on November 24, 2023. The retail sector’s efforts to entice vacation reward purchases builds to a crescendo this weekend with the annual “Black Friday” procuring day adopted by the newer “Cyber Monday.” (Picture by Yuki IWAMURA / AFP) (Picture by YUKI IWAMURA/AFP through Getty Pictures)
Yuki Iwamura | Afp | Getty Pictures
Arkhouse Administration and Brigade Capital Administration have supplied to purchase Macy’s for $5.8 billion, individuals conversant in the matter advised CNBC on Sunday.
The supply values the retailer at $21 per share, in keeping with the sources. Macy’s closed at simply over $17 a share on Friday.
Arkhouse and Macy’s declined to remark. Brigade didn’t instantly reply to CNBC’s request for remark.
The Wall Avenue Journal first reported the buyout supply.
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