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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Macy’s offered $5.8bn buyout that could take it off stock market

Macy Stock Market Bloomingdale United States Wall Street Journal
Spongebob Squarepants balloon in Macy's Thanksgiving Day parade
This SpongeBob SquarePants balloon was one of the stars of this year’s Macy's Thanksgiving Day parade. Photograph: Sachyn Mital/Shutterstock

The department store chain Macy’s is reportedly the target of a $5.8bn (£4.6bn) offer that would result in one of the best-known names in US retail disappearing from the stock market.

Two existing investors, Arkhouse Management and Brigade Capital, banded together to offer $21 a share, the Wall Street Journal first reported.

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