M Stock Recent News

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

Macy's Inc. M, +0.72% said Wednesday it's adding two independent directors to its board with immediate effect following engagement with private-equity firm Arkhouse Management Co. LP and making other changes in a move that will end the latter's proxy contest. Arkhouse ignited the proxy battle in February after the department-store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management.

Investors need to pay close attention to Macy's (M) stock based on the movements in the options market lately.

Corey Tarlowe, Jefferies equity analyst, joins 'The Exchange' with CNBC's Melissa Repko to discuss how consumer habits benefit certain retailers, why some retailers are closing stores while others report strong earnings, and more.

Let's be frank. Department stores are a wonderful creation of the last century.

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).

America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.

Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential breakthrough in the investment firms' $6.6 billion bid to take the U.S. department store operator private.

An investor group seeking to buy the retailer might be willing to raise its bid after seeing the company's financials, according to its proxy filing.