Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

International Business Times

Business

AFP News

Investor Group Raises Bid For US Retailer Macy's To $6.6 Bn

Macy United States Brigade Capital Management

Macy's has announced plans to close 150 'underproductive' stores (Credit: AFP)

An investor group that offered to buy the struggling US department store chain Macy's in December and was turned down said Sunday it has sweetened its bid.

Arkhouse Management and Brigade Capital Management, which originally offered $5.8 billion, have upped this by nearly $1 billion by now offering $24 per share, compared to $21 back in December. This values the takeover at $6.6 billion.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Judge rules Cornell’s ‘Jane Doe’ can use pseudonym in suit over alleged gang-rape

Judge rules Cornell’s ‘Jane Doe’ can use pseudonym in suit over alleged gang-rape

Woman alleging frat-house rape had privacy and safety issues outweighing need to publicly identify her, judge says

The Guardian - US

Texas mother gets 25 years after her daughter lay on a floor pallet for four days, given smoothies she couldn’t swallow, investigators say

Texas mother gets 25 years after her daughter lay on a floor pallet for four days, given smoothies she couldn’t swallow, investigators say

The school had noticed unexplained marks on the child.

We Got This Covered

H1N1 Flu Season Starts Early on the West Coast, With October Hospital Rates Highest in Over a Decade

H1N1 Flu Season Starts Early on the West Coast, With October Hospital Rates Highest in Over a Decade

CDC data show H1N1 flu rising early, led by West Coast states. Experts urge flu shots now, though an early start does not necessarily mean a severe season.

Ukraine’s military says Starlink satellite connection stable after recent restrictions

Ukraine’s military says Starlink satellite connection stable after recent restrictions

Volodymyr Zelenskyy offers thanks to US allies for restoring system key to air defence and ‘frontline logistics’

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Sister Witnessed Florida Woman's Fatal Dolomites Fall After She Left Trail for a Scenic Photograph

Sister Witnessed Florida Woman's Fatal Dolomites Fall After She Left Trail for a Scenic Photograph

Michelle Alejandra Rubio Leiva, 36, died after reportedly slipping from an exposed area near Forcella Pordoi in Italy's Dolomites while taking a photograph.

International Business Times UK

France unrest: 70,000 police officers, tear gas fired as thousands take to streets - top developments

France unrest: 70,000 police officers, tear gas fired as thousands take to streets - top developments

France is taking significant measures to manage mounting tensions, deploying around 70,000 police officers to supervise protests over education funding and escalating living costs. In response to previous violent outbreaks, authorities have restricted protest routes. Major Parisian museums and shops have temporarily closed to prevent potential chaos as demands for…

The Times of India

Related Stories

Top stories on inkl right now

Judge rules Cornell’s ‘Jane Doe’ can use pseudonym in suit over alleged gang-rape

Judge rules Cornell’s ‘Jane Doe’ can use pseudonym in suit over alleged gang-rape

Woman alleging frat-house rape had privacy and safety issues outweighing need to publicly identify her, judge says

The Guardian - US

Texas mother gets 25 years after her daughter lay on a floor pallet for four days, given smoothies she couldn’t swallow, investigators say

Texas mother gets 25 years after her daughter lay on a floor pallet for four days, given smoothies she couldn’t swallow, investigators say

The school had noticed unexplained marks on the child.

We Got This Covered

H1N1 Flu Season Starts Early on the West Coast, With October Hospital Rates Highest in Over a Decade

H1N1 Flu Season Starts Early on the West Coast, With October Hospital Rates Highest in Over a Decade

CDC data show H1N1 flu rising early, led by West Coast states. Experts urge flu shots now, though an early start does not necessarily mean a severe season.

Ukraine’s military says Starlink satellite connection stable after recent restrictions

Ukraine’s military says Starlink satellite connection stable after recent restrictions

Volodymyr Zelenskyy offers thanks to US allies for restoring system key to air defence and ‘frontline logistics’

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Sister Witnessed Florida Woman's Fatal Dolomites Fall After She Left Trail for a Scenic Photograph

Sister Witnessed Florida Woman's Fatal Dolomites Fall After She Left Trail for a Scenic Photograph

Michelle Alejandra Rubio Leiva, 36, died after reportedly slipping from an exposed area near Forcella Pordoi in Italy's Dolomites while taking a photograph.

International Business Times UK

France unrest: 70,000 police officers, tear gas fired as thousands take to streets - top developments

France unrest: 70,000 police officers, tear gas fired as thousands take to streets - top developments

France is taking significant measures to manage mounting tensions, deploying around 70,000 police officers to supervise protests over education funding and escalating living costs. In response to previous violent outbreaks, authorities have restricted protest routes. Major Parisian museums and shops have temporarily closed to prevent potential chaos as demands for…

The Times of India

Our Picks

Would You Send Money to Someone You’ve Never Met? Romance Scammers Know How to Make You Say Yes

The first request for money might arrive after weeks of sweet messages, late-night conversations, and promises of a future together. It might sound less like a scam than an awkward favor between two people who care about each other.

Heavier Phone Use Past 10 at Night Linked with Teens Falling Asleep About 65 Minutes Later

On nights with extra phone use after 10 p.m., teens fell asleep about 65 minutes later, a JAMA Pediatrics study found. What parents can do.

We are reclaiming real life after getting rid of Instagram

Letters: Readers on taking back their lives – and brains – from social media algorithms

The Guardian - UK

The U.K.'s Online Safety Act Has Been a Failure. Regulators Want To Broaden It Anyway.

A new report reveals more shortcomings of the U.K.’s Online Safety Act.

British Embassy quashes Winnie-the-Pooh return rumors, keeping the famed bear in New York

It turns out Winnie-the-Pooh and his fluffy friends aren’t being bear-napped from their longtime home at the New York Public Library

The Independent UK

79 Nostalgic Photos That Take ’80s Kids Straight Back To Their Childhoods

80s had everything: bright neon colors, ABBA, Queen, and Madonna on the radio, huge power suits, and poofy hair that is now only associated with hair metal bands. If you love this decade, take a trip down memory lane with these pics from r/80s, where people share nostalgic items and…

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play