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July 18, 2007
Equity Firm Plans $27B Bid For Macy's
Private equity firm Kohlberg Kravis & Roberts is mulling a $27 billion bid for Macy’s. KKR has teamed with Goldman Sachs on the deal, which could be agreed upon within a matter of days.
The private equity firm is preparing for its IPO later this year and sees Macy’s as a valuable feather in its hat.
If the deal goes through, sources believe that KKR will keep current Macy’s management in place.
Posted by Blacks on July 18, 2007 08:10 AM
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