Macy's added 2 new directors to board, ending their fight with activist investors

Macy's names 2 independent directors as part of agreement with activist investor Arkhouse Management. Arkhouse wanted to replace most of the board and to acquire the iconic chain. Macy’s said Wednesday it has named two independent directors to its board that were pushed by the activist investor.

Macy's ended a nearly two-month long proxy contest with Arkhouse Management by adding two of the activist investor's nominees to its board. Macy's added two new directors to board, ending fight with activist investors. Macy’s added two of Arkhouse's nominees, ending two-months long proxy battle with activist investor.

Macy's names 2 independent directors as part of agreement with activist investor Arkhouse Management. Arkhouse wanted to replace most of the board and to acquire the iconic chain. Macy’s said Wednesday it has named two independent directors to its board that were pushed by the activist investor.