Big Buyout?

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According to CNBC, Arkhouse Management and Brigade Capital Management have offered to buy Macy’s Inc. for $5.8 billion, according to people familiar with the matter.

Questions:

  1. What is the difference between the offer per share and the most recent close of Macy’s stock?
  2. Based on the most recent close of Macy’s stock on 12/8/23, has the stock gone up or gone down since the first of the year and by what percentage?
  3. What factors, mentioned in the article, are either benefiting or hurting Macy’s performance?

Source:

Picciotto, R. (2023). Macy’s receives $5.8 billion buyout offer, sources say. CNBC.com, 12/10/23 (Retrievable online at https://www.msn.com/en-us/money/companies/macy-s-receives-5-8-billion-buyout-offer-sources-say/ar-AA1liroj?)