Macy's, Inc.
2 activist/short documents on this target.
Timeline
2016-01-11
Starboard Value · letter
Macy's $21bn real estate portfolio exceeds its enterprise value; Starboard urges joint-venture structures plus $500M+ cost cuts to crystallize value without sacrificing cash flow or investment-grade rating.
N3 V2
2016-01-11
Starboard Value · letter
Macy's $21bn real estate portfolio implies a negative-value OpCo; a real estate JV plus $500m+ cost cuts can crystallize hidden value without sacrificing cash flow or investment grade.
N3 V2