Macy's Considers $6.6 Billion Buyout Offer Less Than Compelling As Activist Investor Pushes For Sale

Arkhouse Management has increased its buyout offer for Macy's to $6.6 billion, but Macy's still considers it "less than compelling."

Macy's is negotiating a confidentiality agreement to provide Arkhouse access to its financial information.

It's unclear if Macy's is seriously considering a deal or believes it's still worth more as a public company.

Arkhouse has nominated 9 candidates to Macy's board of directors to push for change in the company.

In the meantime, Macy's is moving forward with its own turnaround plan called "A Bold New Chapter" to close stores and reinvest in remaining locations.