Arkhouse Secures Financing for Macy’s Take-Private: Kahane Confirms

Arkhouse has Financing in Place to Take Macy’s Private at $5.8 Billion Bid

Arkhouse, led by managing partner Gavriel Kahane, has stated that it has the financing ready to acquire Macy’s through a bid of $5.8 billion. However, the activist investor has faced obstacles due to a lack of cooperation from the department store retailer. Without access to due diligence, Kahane believes that it is unlikely any bank would provide committed financing.