Unlocking Value in Macy's: A Comprehensive Plan for Shareholders

🔑The investor group aims to gain board seats in Macy's to unlock the company's value.

💼They plan to explore strategic alternatives, including selling the company at a premium.

🏢The group believes that the current management is not effectively utilizing Macy's real estate assets.

💰They have offered $21 per share and are confident about increasing their offer after conducting due diligence.

🛍️The group's plan involves closing some stores and potentially selling real estate to maximize profitability.

What is the investor group's goal in gaining board seats in Macy's?

—The investor group aims to unlock the company's value and explore strategic alternatives.

What is the key asset that the group believes is not being effectively utilized?

—The group believes that Macy's real estate assets are not being effectively utilized by the current management.

How much have they offered per share?

—The group has offered $21 per share and is confident about increasing their offer after conducting due diligence.

What is the group's plan for maximizing profitability?

—The group's plan involves closing some stores and potentially selling real estate.

What is the investor group's strategy for determining the best course of action?

—The group plans to conduct due diligence to gather information and determine the best course of action for all shareholders.

00:00The investor group aims to gain board seats in Macy's to unlock the company's value.

02:56The group has offered $21 per share and is confident about increasing their offer after conducting due diligence.

04:09The group believes that Macy's real estate assets are not being effectively utilized by the current management.

04:58The group's plan involves closing some stores and potentially selling real estate to maximize profitability.

05:38The group plans to conduct due diligence to gather information and determine the best course of action for all shareholders.