Macy’s receives higher bid from investor group

Drew Angerer/Getty Images News

Update 9:50pm: Adds Macy’s, investor comment.

An investor group bidding to acquire Macy’s (NYSE:M) raised its offer by about $1 billion after the department-store chain rejected a prior proposal as too low.

Arkhouse Management and Brigade Capital Management offered toM

bidgroupHigherInvestorMacysReceives
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