AssetID: 53387589
Headline: Macy's Rejects $5.8B Takeover Bid
Caption: Last week, Macy's announced that it was laying off over 2,000 employees and closing five stores. After news of the development surfaced, Arkhouse and Brigade offered Macy's $21 per share ($5.8 billion) to purchase stock it doesn't already own and take over the company, ABC News reports.
Keywords: Macy,Rejects,Takeover bid,Laying off,Purchase,Announced,Arkhouse Brigade,Development,Surface,Stores,Closing,Employees,Financing plan,Value
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