Arkhouse Seeks Majority on Macy’s Board After Takeover Bid (2)

Macy’s Inc. said it received nine nominations to its board from Arkhouse Management Co., the activist investor leading an effort to acquire the department-store company.

Macy’s said it would consider the directors but noted that it had previously rejected a $5.8 billion offer from Arkhouse and Brigade Capital Management. The retailer said Arkhouse and Brigade “have yet to provide any financing details that would enhance the actionability of their proposal despite multiple opportunities to do so.”

Arkhouse said in a statement that it provided the Macy’s board with additional details regarding its financing, including the names of its ...