(Reuters) - Macy's shares ended the week at $41.92. Barron's said Macy's
is ripe for a buyout and could fetch more than $52 a share in a
takeover.
However, Barron's also said that even without a deal, Macy's
shareholders could be in for a boost, because the company's
current management has ample room to cut costs and improve
marketing -- and may even find itself in a position to finance
hefty stock buybacks.
Read more at Reuters.com Bonds News
is ripe for a buyout and could fetch more than $52 a share in a
takeover.
However, Barron's also said that even without a deal, Macy's
shareholders could be in for a boost, because the company's
current management has ample room to cut costs and improve
marketing -- and may even find itself in a position to finance
hefty stock buybacks.
Read more at Reuters.com Bonds News
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