Macy's Settles With Arkhouse on Proxy Fight, but Takeover Possibility Still Looms [Yahoo! Finance]
Brookfield Property Partners L.P. - 6.50% Class A Cumulative Redeemable Perpetual Preferred Units (BPYPP)
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Source: Yahoo! Finance
In turn, Arkhouse withdrew its push to remake the company's board in more dramatic fashion with nine director nominees who would have been voted on at Macy's annual shareholders' meeting on May 17. Clark and Markee were among the nine who had been nominated by Arkhouse for the board. More from WWD How Internet Economics Brought Down Matches and Farfetch Funding Another Attempt to Take Nordstrom Private Would Be Tricky Macy's Partners With Dior for 49th Annual Flower Show, Highlights 'Spring Delights' and Miss Dior Fragrance While the two sides have settled on the board composition, Arkhouse, along with Brigade Capital Management, is still pursuing a takeover of Macy's. The pair have proposed buying Macy's Inc. for $24 a share, or $6.6 billion. Macy's rejected an earlier bid from Arkhouse and Brigade that would have valued the company at $21 a share, or $5.8 billion. In a generally down day for Wall Street, shares of Macy's were up 0.9 percent to $19.89 in midday trading o
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BPYPP
News
- Macy's settles proxy fight with activist Arkhouse, adds two of the firm's nominees as directors [MSNBC.com]MSNBC.com
- Macy's, Inc. Appoints Richard Clark and Richard L. Markee to Board of Directors [Yahoo! Finance]Yahoo! Finance
- JC Penney Opens Its First New Store In Willowbrook Mall [Forbes]Forbes
- Brookfield Property Partners Completes 2023 Annual Filings [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Brookfield Property Partners Completes 2023 Annual Filings [Yahoo! Finance]Yahoo! Finance
BPYPP
Sec Filings
- 4/11/24 - Form 6-K
- 3/4/24 - Form 6-K
- 3/1/24 - Form 20-F
- BPYPP's page on the SEC website