Late night bearish for American retail giant! The acquirer's sincerity and money are not enough, and the stock price of Macy's plummeted. American veteran retail giant Macy's announced that it will terminate its acquisition negotiations with Arkhouse and Brigade Capital. This acquisition, which began in November 2023 and was worth over $6 billion, ended in failure. Macy's stated that there is no need to continue negotiations as there is significant uncertainty regarding the financing of the two institutions.