American investment companies Arkhouse Management Co. and Brigade Capital Management have increased their offer to acquire retailer Macy's Inc. to $6.9 billion. This is reported by foreign media. The ...

Macy's said that offer was within a range that its board had previously told Arkhouse and Brigade was ''not compelling.'' Macy's shares tumbled 11.7% to close Monday at $16.85.

Macy's (M) beat muted Q1 expectations, as a buyout bid lingers in the background ... The company did not provide any updates on Arkhouse Management and its partner Brigade's $6.6 billion offer ...