Activist Investors Raise Bid to $6.6 Billion for Struggling Macy's
• Activist investor group raises bid to buy Macy's to $6.6 billion, or $24 per share • Macy's says it will "carefully review" the new proposal • Macy's has struggled recently with falling sales and adjusting to e-commerce • Investor group brought on additional financing partners to support latest bid • Macy's announced own turnaround strategy last week, including closing 150 stores