1. Activist Investor Starboard Value LP Urges Macy’s To Spin Off Real Estate Assets: Report

    Activist Investor Starboard Value LP Urges Macy’s To Spin Off Real Estate Assets: Report

    Investment firm Starboard Value LP commended U.S. department store chain Macy’s on its recently announced efficiency drive, but urged the company to fully realize the value of its vast real estate holdings, the Wall Street Journal reported Monday. The activist investor, in a letter and presentation to Macy's management Sunday, said although it supports the retail chain's cost cuts, it wants the ...

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