Activist Investor Launches Proxy Fight for Macy's

Key TakeawaysArkhouse Management has launched a proxy fight for Macy's after the retailer rejected the activist investor's offer to buy the company.Macy's said real estate private equity investment firm Arkhouse has nominated nine people for board seats, to be voted on by shareholders at the company's annual meeting.Macy's said no to a December $21-per-share bid by Arkhouse and partner Brigade Capital Management, saying the potential buyers didn't provide enough information about financing.A proxy fight is ...