As of press time, the stock has risen more than 10%, quoting at $19.88.
According to the ZhìTōng Finance News, on Friday, Macy's stock(M.US) rose, and as of press time, the stock has risen more than 10%, quoting at $19.88. On the news side, Arkhouse Management and Brigade Capital Management have recently proposed to increase their bid by about $30 million after their first two failed bids. The two companies had previously proposed to acquire Macy's at a price of $24.8 per share for a total acquisition amount of $6.9 billion.