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The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal. In March, Arkhouse and Brigade raised their offer to acquire Macy's stock they do not already own for $24 per share, valuing the retailer at $6.6 billion, after the company rejected an earlier bid made in December. Arkhouse, which has a 4.4% stake in Macy's, then nominated nine director candidates to the company's board in February, triggering a proxy battle.

Shailesh kuberRichard clarkRichard markeeAnanya mariam rajeshBrigade capital managementAnild silvaRichard clarkArkhouse managementRichard markeeBoard nominees