长沙U币购买|【唯一TG:@heimifeng8】|飞机盗号软件VIP破解技术✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Macy's faces proxy fight as Arkhouse pushes for board seats
Reuters Published
February 20,长沙U币购买 2025
Macy's said on Tuesday that investor Arkhouse Management has nominated nine individuals to its board, setting off a proxy battle just a month after the department store rejected a $5.8 billion go-private bid.
The company had rejected the offer from Arkhouse and Brigade Capital on concerns over valuation, while it continues discussions for more information on deal financing.
The push for board seats comes as the Bloomingdale's parent struggles with weak demand as customer cut back spending due to elevated inflation and high borrowing costs.
But the company beat market expectations for quarterly results in November on efforts to trim inventory and strong demand for its beauty products.
"Arkhouse and Brigade have yet to provide any financing details ... of their proposal despite multiple opportunities to do so and instead ... Arkhouse has chosen to launch a proxy contest," Macy's said.
Arkhouse and Brigade Capital did not immediately respond to Reuters queries on their latest move and on how much stake they own in Macy's.
The company, famous for its annual Thanksgiving Day parade, said it would evaluate Arkhouse's director candidate and that it was committed to "long-term value creation".
Shares of the New York-based company, which is yet to decide on a date for its 2025 annual meeting, were down 0.3% in premarket trading.