Macy's shares slide as retailer ends buyout talks with Arkhouse, Brigade

Macy’s said on Monday that it will stop engaging in talks with Arkhouse Management and Brigade Capital Management about a potential buyout. The retailer said the latest proposal from the pair of investment firms "remains non-actionable and fails to provide compelling value" to Macy’s shareholders. It will instead continue pursuing its revitalization plan.Arkhouse and Brigade offered in late June to buy all outstanding Macy’s shares for $24.80 each. The two firms also provided Macy’s with financing papers th ...