Macy’s opens books in company sale discussions, Reuters reports

Macy’s has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential breakthrough in their $6.6B bid to take the U.S. department store operator private, Reuters’ Abigail Summerville and Svea Herbst-Bayliss report. Macy’s, which had snubbed Arkhouse and Brigade’s previous acquisition overtures, has now entered into a confidentiality pact with them that allows the exchange of commercially sensitive information, the sources said.