Starboard urges Macy's to strike real-estate deals

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Go back to Starboard urges Macy's to strike real-estate deals

Starboard Sends Letter to Macy's (M); Outlines Real Estate Portfolio Plan

January 11, 2016 8:19 AM EST

Starboard Value LP, a significant shareholder of Macy's, Inc. (NYSE: M), announced that it has released presentation materials outlining Starboard's proposed strategy and structures for unlocking the enormous value intrinsic of Macy's $21 billion real estate portfolio. Starboard also announced that it has delivered a letter to Macy's CEO, CFO and Board of Directors.

Starboard's Presentation on Maximizing Macy's Real Estate is available for viewing at the following link:... More

Starboard says is has had talks with Macy's (M) Board and CEO - Bloomberg

January 11, 2016 7:16 AM EST

Starboard says is has had talks with Macy's (NYSE: M) Board and CEO, according to Bloomberg. The firm also sees Macy's real estate assets valued over $2 billion.

Starboard thinks Macy's should drop down stores into two separate joint... More