Editor
Macy’s investor Arkhouse Management said on Thursday the US department store was in talks with the investment firm for opening its books for due diligence on the prospects of a higher offer.
Arkhouse disclosed its move in a regulatory filing, saying this was in response to a letter from Macy’s on March 11 that called the latest offer as “less than compelling” and that the board was “not prepared to transact at this price level.”
The…
