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Macy's, Inc. (M)

NYSE - Nasdaq Real-time price. Currency in USD
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20.70+3.31 (+19.02%)
As of 11:14AM EST. Market open.
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  • Yahoo Finance Video

    Macy's $5.8B buyout offer is 'worth considering': Analyst

    Shares of Macy's (M) are higher Monday morning after the company announced it is considering a $5.8 billion buyout offer. This news come ahead of Macy's planned transition to a new CEO. David Swartz, Morningstar Senior Equity Analyst, tells Yahoo Finance that accepting this deal is worth considering given the risks for Macy's in rejecting it. With the current share price around $21 a share, over $2 billion in net debt, a history of uneven financial results, and an outdated business model, Swartz believes this is their chance "to get a better price for shareholders." Despite recent struggles, Swartz notes Macy's still has strengths that make it attractive, including one of the largest online retail operations in the U.S., the upscale Bloomingdale's chain, and 40 million annual shoppers. Given these assets, the buyout offer allows Macy's to potentially unlock value for shareholders at a reasonable valuation amid a challenging retail climate. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Yahoo Finance

    Macy's mulling $5.8 billion buyout offer: Source

    Macy's shareholders receive an early holiday season gift.

  • The Telegraph

    Macy’s investors plot $5.8bn buyout amid decline of the department store

    Two Macy’s investors are plotting a $5.8bn buyout of the department store chain as it grapples with competition from online rivals.