People cross the street outside Macy's Herald Square store in December 2023. Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private.
Mandatory Credit: Kena Betancur/VIEWpress/Corbis/Getty Images
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Macy’s rejects $5.8 billion unsolicited takeover offer
Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.”
