Activist Arkhouse launches proxy fight at Macy's, nominates nine directors
Macy's(M) CNBC·2024-02-20 13:37Investment firm Arkhouse Management has launched a proxy fight at Macy's, nominating a slate of nine directors for election to the department store's board.Macy's on Tuesday confirmed that it had received notice of the nominations from Arkhouse, which made an unsolicited $21-a-share bid for the company in December. Macy's board rejected that $5.8 billion offer and questioned the status of Arkhouse's financing.Arkhouse managing partner Gavriel Kahane previously told CNBC that the firm's financing was committ ...