HomeLifestyleRetailMacy’s Stock Surges On $5.8B Takeover & CI Walks Away From HUM

Macy’s Stock Surges On $5.8B Takeover & CI Walks Away From HUM

Macy’s (M) surges on $5.8B takeover report. According to the Wall Street Journal, Arkhouse Management and Brigade Capital presented an offer on December 1st and the bid values the company at $21 per share. Caroline Woods discusses this along with how Cigna (CI) is trading higher after ending its pursuit of Humana (HUM) and raising its stock buyback by $10B. A Jefferies analyst notes that CI walking away from HUM is a short-term win for investors. Tune in to find out more about the stock market today.

Trading 360

11 Dec 2023

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