Arkhouse Issues Statement on Settlement with Macy’s
“Ric Clark and Rick Markee bring tremendous dealmaking experience to Macy’s Board and will be instrumental in maximizing value for shareholders. As a result of our efforts, our buyer group has begun receiving due diligence to progress discussions toward a potential transaction to acquire the Company. The appointment of Clark and Markee to the Board and the Finance Committee, which is tasked with reviewing our proposal and any alternative transactions, will ensure that our discussions continue to be constructive and that our proposal is treated seriously and expeditiously. We appreciate the Board’s engagement and look forward to working with them to unlock shareholder value.”
Advisors
Cadwalader, Wickersham & Taft LLP is serving as legal counsel and Longacre Square Partners is serving as strategic advisor to Arkhouse. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to the buyer group and Jefferies Group LLC is serving as financial advisor to the buyer group.
About Arkhouse
Arkhouse is a
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Arkhouse
Longacre Square Partners
Scott Deveau / Joe Germani
arkhouse@longacresquare.com
Source: Arkhouse Management Co. LP