Macy's Stock Rises on Revised Buyout Offer

Macy's Inc (NYSE:M) is 16.1% higher at 20.92thismorning,afterArkhouseManagementreviseditsbuyoutoffer.Specifically,ArkhouseandBrigadeCapitalManagementraisedtheirbuyoutofferforthedepartmentstoregiantto20.92 this morning, after Arkhouse Management revised its buyout offer. Specifically, Arkhouse and Brigade Capital Management raised their buyout offer for the department store giant to 24 per share, or about $6.6 billion. Call traders are piling on M after the news. Already, more than 26,000 bullish bets -- or 5 times the intraday average volume -- have crossed the tape, compared to just 12,000 puts. Most popular by far is the April 21 call, followed by the 23 call ...

Macy's Stock Rises on Revised Buyout Offer - Reportify