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Macy's has a buyout bid of $24 per share, up from the original offer of $21. The real estate value of Macy's is estimated to be worth double the current stock price. Macy's plans to focus on luxury stores and close underperforming locations while expanding the Bluemercury beauty brand.

Macy's (M) is enhancing operations for sustainable growth while expanding its omnichannel presence and customer experience through strategic partnerships and technological upgrades.

CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.

Macy's (M) on Wednesday ended a proxy fight by agreeing to calls for a board shakeup by activist investor Arkhouse Management.

Macy's appointed today two new independent directors Richard (Ric) Clark and Richard (Rick) Markee. It is not clear who nominated the directors.

The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.

Macy's Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management. Here's what it means for $M The department store chain has agreed to add two new directors to its board.

Investment firm Arkhouse Management ended its proxy contest against Macy's, and withdrew its seven other director candidates.

Macy's on Wednesday named two new independent directors to its board effective immediately, ending a proxy contest with activist investor Arkhouse Management.

Macy's settles proxy fight with activist Arkhouse, adds two directors