Is Sycamore ready to jump in with or without a pension fund and start a bidding war to take this thing Private Equity? A $35+ offer on the table might certainly be more compelling than $21 per share. I would expect the Macy's board would be interested in selling at $40+ to a PE investor with experience in successfully running and expanding retail. What is Brigade + Arkhouse's legacy and experience in running (and maintaining) business in the retail sector? Can they name a few examples? Macy's can easily explore sales of their highest value properties in it's present form if there is no significant value add in those properties and return to current shareholders via a special dividend.
This guy should run for office. He can't give a straight answer. I don't trust him.
Is Sycamore ready to jump in with or without a pension fund and start a bidding war to take this thing Private Equity? A $35+ offer on the table might certainly be more compelling than $21 per share. I would expect the Macy's board would be interested in selling at $40+ to a PE investor with experience in successfully running and expanding retail. What is Brigade + Arkhouse's legacy and experience in running (and maintaining) business in the retail sector? Can they name a few examples? Macy's can easily explore sales of their highest value properties in it's present form if there is no significant value add in those properties and return to current shareholders via a special dividend.
why not increase it today then submit to the shareholders.. at $21, it's not attractive enough for shareholders to get excited.
$30/share done deal!
$50
@@chiquita683 That would be awesome! I’m invested at a couple thousand shares at $14 right now. $50, I’d be ecstatic.
@@rhocke4590 i will be happy at $30.... $21 is not exciting...