Macy’s Urged by Arkhouse to Open Books After Rejecting Takeover Bid

Arkhouse Management Co. has asked Macy’s Inc. for access to more financial information after the US department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management.

“Our sincere hope is they send us a confidentiality agreement so we can share more information on financing with them,” Gavriel Kahane, managing partner at Arkhouse, told Bloomberg TV on Monday.