According to a store titled "A Retail Blockbuster: KKR Courting Macy’s With $24 Billion Offer" in today’s WWD, the anemic Macy’s may be acquired. As Kohlberg Kravis & Roberts is set to launch its initial public
offering, the private equity giant is rumored to be looking to make a sensation by acquiring Macy’s Inc.
said KKR partnered with Goldman Sachs on an offer for the $27 billion
retailer valued at $52 a share, or about $24 billion, which may or may
not exclude Macy’s debt.
Private equity sources said an
agreement in principle could be within days of getting completed. The
financial sources said principals involved had expected a deal to be
signed last weekend, but others indicated there were details that
needed to be ironed out. Sources also believe that the parties are
trying to get a deal done before Monday, the scheduled date for a
series of investor meetings planned by Macy’s management.
still some doubt in the industry and among those on Wall Street
regarding whether the management of Macy’s, formerly known as Federated
Department Stores Inc., would willingly venture into a leveraged buyout
It smells like the 80’s all over again. If only Reagan were still president…
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40