(Reuters) - CHICAGO, June 22 - Shares of Macy's Inc.
rose as much as 10 percent on Friday and its options volume
surged on speculation that the retailer, whose same-store sales
have been disappointing in recent months, was ripe for a
takeover.
The company's shares jumped to $43.11, before closing up
$2.56, or 7 percent, at $41.43 in very active trading on the
New York Stock Exchange.
Read more at Reuters.com Mergers News
rose as much as 10 percent on Friday and its options volume
surged on speculation that the retailer, whose same-store sales
have been disappointing in recent months, was ripe for a
takeover.
The company's shares jumped to $43.11, before closing up
$2.56, or 7 percent, at $41.43 in very active trading on the
New York Stock Exchange.
Read more at Reuters.com Mergers News
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