---
schema_version: "secwatch.filing_event.v1"
accession: "0000794367-24-000007"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:51:51.383765+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Macy's Board rejects $21/share unsolicited buyout proposal from Arkhouse and Brigade, cites lack of financing evidence

## Summary
- Board reviewed unsolicited non-binding proposal received Dec 1, 2023 for $21.00 per share cash.
- Proposal deemed not actionable due to lack of viable financing plan and compelling value.
- Arkhouse and Brigade failed to provide committed financing; equity contribution only 25% with excessive leverage.
- Board remains open to other value-creating opportunities and will continue to act in best interests of shareholders.

## SEC filing metadata
- accession: 0000794367-24-000007
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000079436724000007/0000794367-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000079436724000007/n-20240121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794367-24-000007
- JSON: https://secwatch.observer/filing/0000794367-24-000007.json
- Plain text: https://secwatch.observer/filing/0000794367-24-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.