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.

(Bloomberg) -- Macy’s Inc. handily beat profit ... their interest in the $6.6 billion buyout offer from activist investor Arkhouse Management Co. and Brigade Capital Management, at least in ...