Investment firm Arkhouse nominates slate of directors for Macy’s board as takeover talks stall

FILE – A Macy’s department store is in Bay Shore, Long Island, New York, on Tuesday, Dec. 12, 2023. Arkhouse Management is nominating nine people for Macy’s board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management. Macy’s Inc. said Tuesday, Feb. 20, 2024, that it had been seeking additional financing information from Arkhouse and Brigade to possibly advance talks with its board.(AP Photo/Ted Shaffrey, File)