Macy’s Inc. (New York) said its board has terminated talks with Arkhouse Management Co. LP and Brigade Capital Management LP over the latter firms’ takeover offer. The board said those negotiations, which included a beefed-up offer last month that brought the total offer to about $6.9 billion, “have failed to lead to an actionable proposal with certainty of financing at a compelling value.”

Macy’s Ends Takeover Talks

NEW YORK – After months of discussions and rounds of due diligence, Macy’s Inc. is terminating interactions with Arkhouse Management Co. and Brigade Captial Management that have been pressing since December 2023 to take the company private. The retailer will now redouble its efforts on the “Bold New...

Macy’s Inc. slams the door on proposed acquisition deal

PYMNTS

The Macy’s board of directors has unanimously decided to end acquisition talks with Arkhouse Management and Brigade Capital Management. The decision follows more than seven months of engagement that included a due diligence process, Macy’s said in a Monday (July 15) press release. “At this time, after careful...

Macy’s Board Ends Acquisition Talks With Arkhouse, Brigade

Macy's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing. In announcing the end of negotiations on Monday, Macy’s alleged that Arkhouse Management and Brigade Capital Management did not meet its request for information by a June 25 deadline, including the highest purchase price they were prepared to pay and details about how the revised deal would be financed.

Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing

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Stock Region

CNN to Cut 100 Jobs, Introduce First CNN.com Subscription Service. Disclaimer: The following article is based on currently available information and may be subject to change as new details emerge.

CNN Announces Layoff of 100 Jobs

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

New York City, NY

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope for Tuesday, July 16th

Business Insider

Chris Kirchner, a startup founder convicted of defrauding investor was sentenced to 20 years in federal prison Thursday.

Chris Kirchner, founder of Goldman Sachs-backed Slync, was sentenced to 20 years for fraud and laundering startup funds

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Samantha Murphy Kelly, a senior tech writer at CNN, was among the layoffs at the news organization on Wednesday. She has been with CNN since 2016. She previously was the deputy tech editor at Mashable. Kelly covered lifestyle tech and entertainment at Mashable, which she joined in 2011. Before joining...

CNN senior tech writer Kelly among the layoffs

Total Apex Sports & Entertainment

I don’t know about you but summer is definitely my favorite season and I am definitely a sun worshipper. Living in the Pacific Northwest, we do not see enough of it so when it is here, that is where you will find me. Everything I do I do outside when the sun is out and the weather is warm. I wonder who else feels this way. I wonder what Zodiac Signs love the Sunshine. Want to find out? Let’s do a little research.

3 Zodiac Signs Who Love Sunshine

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Ohio State

Former President Donald Trump has selected Sen. J.D. Vance of Ohio as his vice presidential running mate, and like Trump, Vance is a crypto-friendly candidate. In a 2022 financial disclosure, Vance reported owning holdings in Bitcoin through Coinbase valued between $100,001 and $250,000. Suggested Reading. Trump has positioned himself as...

Donald Trump's VP pick J.D. Vance owns Bitcoin worth as much as a quarter-million dollars

Massachusetts State

Dianna Carney

Sandy Paws Rescue Inc., a foster-based rescue in Massachusetts, recently introduced a six-year-old French bulldog named Joannie who is looking for her forever home. The local animal rescue explains: “Joannie was found as a stray extremely emaciated and less than half her current weight now. She was missing fur on her body, face and ears. She has been nursed back to health and is doing wonderfully. While her age and exact history is unknown, it is clear she has mothered more than enough litters in her short lifetime.”

Meet Joannie: The "Extreme Snuggler" French Bulldog Looking For Love

Oregon State

NewsByJoshua

With scorching heatwaves sweeping across the country, drivers are being advised to take their car's thermometer readings with a grain of salt. While your dashboard might display a temperature that seems outrageously high, experts suggest not relying on it for an accurate outdoor temperature gauge.

Drivers cautioned not to use a standard car feature on hot days - opt for your phone instead

Fortune

Good morning, Broadsheet readers! Internal politics get heated at Angel City FC, Tubi CEO Anjali Sud on her rapid rise to the C-suite, and the woman who leads the Secret Service is now in the hot seat. Have a thoughtful Monday. – At your service. Before this weekend, did you...

The woman who runs the Secret Service is a former PepsiCo exec who now must answer for the Trump assassination attempt

Alameda, CA

It’s kitten season, and FAAS is filled with fabulous baby felines! Some of these soft, sweet, adorable creatures are ready for forever homes, and many others are in need of foster homes.

Kitten Season at the Alameda Animal Shelter

NewsBreak

Macy’s Says No to Private Equity Buyout. Now What?

Sorry, private equity, this is one American legacy retailer you can’t have. On Monday, the board of directors for Macy’s unanimously voted to end negotiations with...

Macy’s Says No to Private Equity Buyout. Now What?

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