After digesting May Department Stores in an $11 billion acquisition, it seems department store giant Macy's Inc. may have become the hunted. Kohlberg Kravis Roberts & Co. and Goldman, Sachs & Co. are reportedly considering a $24 billion takeover of Macy's, according to trade publisher Women's Wear Daily.
However, there are doubters including The Deal's Lisa Gewirtz-Ward and The New York Time's Andrew Ross Sorkin, who voiced his doubts on CNBC this morning.
The news of a possible Macy's buyout first surfaced late last month, following a Goldman Sach analyst's report. The story became a particular favorite of the blogosphere. When the rumors first surfaced, KKR was listed as the likely buyer, but other names were suggested including dealmaker and Sears Holdings Corp.'s chairman Eddie Lampert. —Matthew Wurtzel
See story from TheDeal.com
See video of Dealbook's Andrew Ross Sorkin on CNBC
See story from Women's Wear Daily (subscription may be required)
See June 22 story from Bloomberg
See June 25 post from SeekingAlpha
See Department Store Dealwatch
Tags: Macy's, retail, acquisition, deals, m&a, mergers, private+equity
Continue reading below
