THE WHAT?  Arkhouse Management Co. LP, a significant stakeholder in Macy’s Inc., has publicly announced its interest in acquiring the retail giant.

THE DETAILS Arkhouse, along with its partner Brigade Capital Management, LP, has engaged in private discussions with Macy’s about this potential acquisition. To facilitate their due diligence, Arkhouse has offered to enter a mutual non-disclosure agreement. Their confidence in financing the deal is backed by a letter from Jefferies Group LLC, confirming their capability to raise the necessary funds.

THE WHY? Arkhouse argues that Macy’s would thrive more as a private company, citing investor support evidenced by a stock rise following acquisition rumors