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Macy's, Activist Firm End Board Fight, Takeover Talks Proceed

By Al Barbarino (April 10, 2024, 10:14 AM EDT) -- Macy's and activist investment firm Arkhouse Management Co. said Wednesday they have settled their proxy dispute by appointing two independent directors to the retailer's board, paving the way for further negotiations regarding a prior $6.6 billion acquisition proposal submitted by Arkhouse and Brigade Capital Management LP....

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