Getty ImagesAnalysts say investors may be eyeing Macy's property portfolioShares of US department store Macy's have surged on hopes of a $5.8bn (£4.6bn) buyout deal.
An investor group has offered to pay $21 for each share of the retailer that they do not already own, according to US media, which cited unnamed sources.
Macy's, founded 165 years ago, is famous for hosting the New York City Thanksgiving Day parade.
The company, parent of Bloomingdale's and makeup firm Bluemercury, operates more than 720 stores in the US. Read More...
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$10 Million Steve Lund Wiki: Salary, Married, Wedding, Spouse, Family Steven J. Lund (born October 30, 1953) is an American businessman. He is the co-founder and the current executive chairman of Nu Skin Enterprises. Lund has also served as the CEO of Nu Skin. Lund also founded Eli Publishing in 1997.Lund considers Mitt Romney a close friend, and donated $3 million to Restore Our Future, a super PAC that supported Romney in 2012. Read More...
