Macy's Appoints Activist Investor Board Picks, Ending Proxy Fight

Key TakeawaysMacy's on Wednesday appointed two new board members backed by activist investor Arkhouse Management, ending a proxy fight and bringing closer a deal to take the retailer private.The biggest U.S. department store chain said board members Ric Clark and Rick Markee would also be on the Finance Committee, looking at a potential agreement with Arkhouse and its partner.Macy's board had turned down a $21-per-share bid by Arkhouse and Brigade Capital Management in December. Macy’s (M) on Wednesday ende ...