Macy’s could directly negotiate sale with Arkhouse, Axios says

Macy’s, which is reviewing Arkhouse Management’s board nominees for possible inclusion as it weighs a revised $24-per-share offer from the activist and Brigade Capital Management, could directly negotiate a sale with Arkhouse without launching a strategic review, a source familiar with the retailer tells Axios’ Richard Collings. Arkhouse is prepared to raise its offer if necessary, though it is too early to say a deal, if one is struck, would include a go-shop period, the report added.