@uttendorf One of the reasons certain stocks go up on receipt of a take-out offer is the notion that someone ELSE will step in and offer more. Arkhouse and Brigade already have positions in M, so part of their offer stays in-house, so to speak. Who else do you think has been itchin’ to venture into big retail? Although I doubt it would pass muster, the only department store that has the balance sheet to do anything with Macy is Dillard’s and I don’t find that a match made in heaven.The actual question might be whether the Macy’s board would accept $21. Their 100-day moving average is $13.20. Macy’s, like lots of other retailers, has been private before and has also been BK before.
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