US Stock Price Fluctuated | Investment group raises privatization offer, Macy's (M.US) surges over 16%.
As of the time of reporting, the stock has risen more than 16% to $20.92.
On Monday, the stock price of Macy's (M.US) rose, as of the time of writing, the stock had risen by over 16%, reaching $20.92. Prior to this, investors Arkhouse Management and Brigade Capital increased their offer for privatization over the weekend, valuing the American department store company at $6.58 billion, with the acquisition price per share increasing from $21 to $24. So far this year, Macy's stock price has fallen by 10%.
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