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$24B Buyout Buzz Boosts Macy's Shares

KKR and Goldman considering offer

By Peter Fearon, Newser Staff

Posted Jul 19, 2007 4:50 AM CDT

(Newser) – Shares in Macy's soared amid reports of a pending $24-billion buyout plan by KKR and Goldman Sachs, reports Bloomberg. Stock rose $3.06—7.6%—to $43.09 after Women's Wear Daily reported the news. The Wall Street firms would pay $52 a share—a... Read full story »

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The Women's Wear Daily story that triggered the spike in macy's stock
Women's Wear Daily

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$24B Buyout Buzz Boosts Macy's Shares

KKR and Goldman considering offer

Macy's Summer Sale?

private equity • Goldman Sachs • Kohlberg Kravis Roberts • KKR • acquisition • Macy's • buyout

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More Newser Stories

KKR Buyout Spree Hits a Snag

Traditional investors tapped out; equity firm looking elsewhere

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With 44% of this year's private equity deals, is firm spending too much too fast?

Markets Drop as KKR Unit Delays Payment

Concern about liquidity in the US has investors selling off in Asia

FCC OKs $24.7B Alltel Buyout to Private Group

But wireless carrier's new owner faces "unnecessary" restrictions, commish says

Credit Jitters May Put KKR Offering on Ice

Private equity firm denies reports its IPO will be delayed

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