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storied retailerCNBC
•81% Informative
Arkhouse and Brigade had for months been attempting to buy out the storied retailer.
Macy 's is in the middle of a turnaround effort led by CEO Tony Spring .
The activist group had been looking to take the retailer private for roughly $6.9 billion .
Shares of Macy 's fell roughly 12% in premarket trading Monday .
VR Score
86
Informative language
89
Neutral language
52
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semi-formal
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English
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49
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Hate speech
not hateful
Attention-grabbing headline
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not detected
Time-value
short-lived
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1
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1
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