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Macy's department store surged over 19% in front of the market, with news claiming it has received a $5.8 billion privatization acquisition offer

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On December 11th, Macy's department store surged over 19% in front of the market, with news that it had received a $5.8 billion privatization acquisition offer. According to insiders, an investment group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion acquisition offer to privatize Macy's Department Store (M.US).
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