Macy’s said that offer was within a range that its board had previously told Arkhouse and Brigade was “not compelling.” Macy’s shares tumbled 11.7% to close Monday at $16.85.

Macy's stock prices soar after report of $5.8B buyout offer for iconic 165-year-old retailer Private investor group has made a $5.8 billion offer for the iconic retailer, according to a report ...

Shares of Macy's shot up more than 20% in premarket trading Monday on a Wall Street Journal report that a private investor group has made a $5.8 billion offer for the iconic retailer.