
Macy’s Rejects Buyout Offer, Focuses on Turnaround Plan
Macy’s Inc. shares took a sharp dive on Monday after the company decisively rejected a buyout offer from Arkhouse Management Co. and Brigade Capital Management. Instead, the department store chain announced its steadfast commitment to executing its own turnaround plan, a strategic decision that sent ripples through the retail sector. The buyout proposal, while significant,…