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Macy’s offered $5.8bn buyout that could take it off stock market

US department store chain that also owns Bloomingdale’s reportedly received approach from two existing investors

The department store chain Macy’s is reportedly the target of a $5.8bn (£4.6bn) offer that would result in one of the best-known names in US retail disappearing from the stock market.

Two existing investors, Arkhouse Management and Brigade Capital, banded together to offer $21 a share, the Wall Street Journal first reported.

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