Macy’s, Bloomingdale’s ve Bluemercury ma\u011fazalar\u0131n\u0131n ana \u015firketi olan Macy’s Inc (NYSE:M), Arkhouse Management ve Brigade Capital’den gelen sat\u0131n alma teklifinin ard\u0131ndan bu Pazartesi hisse fiyat\u0131nda \u00f6nemli bir art\u0131\u015f kaydetti. Yat\u0131r\u0131m firmalar\u0131 hisse ba\u015f\u0131na 21 dolar ve toplamda yakla\u015f\u0131k 5,8 milyar dolar nakit teklif sundu. Ancak bu teklifin, Macy’s’in \u015eubat ay\u0131nda 25 dolar olan hisse de\u011ferinden \u00f6nemli \u00f6l\u00e7\u00fcde d\u00fc\u015f\u00fck olmas\u0131 nedeniyle nihai bir anla\u015fmaya yol a\u00e7mas\u0131 pek olas\u0131 g\u00f6r\u00fclm\u00fcyor.<\/p>\n

Analistler ve yat\u0131r\u0131m bankac\u0131lar\u0131, teklifin New York merkezli perakendecinin de\u011ferini d\u00fc\u015f\u00fck tuttu\u011funu ve kazanc\u0131n 7,2 kat\u0131 olarak fiyatland\u0131r\u0131ld\u0131\u011f\u0131n\u0131, bunun da 10 y\u0131ll\u0131k ortalama olan 9,1 kat\u0131n alt\u0131nda oldu\u011funu belirttiler. Macy’s’in daha \u00e7evik \u00e7evrimi\u00e7i perakendecilerle rekabette kar\u015f\u0131la\u015ft\u0131\u011f\u0131 zorluklara ra\u011fmen, \u015firketin gayrimenkul varl\u0131klar\u0131n\u0131n 7,5 milyar ila 11,6 milyar dolar aras\u0131nda de\u011fi\u015fen tahminlerle \u00f6nemli \u00f6l\u00e7\u00fcde de\u011ferinin alt\u0131nda oldu\u011fu d\u00fc\u015f\u00fcn\u00fcl\u00fcyor.<\/p>\n

Macy’s gayrimenkullerinin potansiyeli, yat\u0131r\u0131m firmalar\u0131 taraf\u0131ndan vurgulanarak, \u015firketin m\u00fclklerini daha fazla elden \u00e7\u0131karmay\u0131 ara\u015ft\u0131rabilece\u011fi veya daha y\u00fcksek bir sat\u0131n alma teklifini de\u011ferlendirebilece\u011fi \u00f6ne s\u00fcr\u00fcld\u00fc. \u00d6zellikle Morningstar analisti David Swartz, Macy’s’in \u00e7e\u015fitli markalar i\u00e7in ta\u015f\u0131d\u0131\u011f\u0131 de\u011fer ve al\u0131c\u0131lar i\u00e7in d\u00fc\u015f\u00fck bir fiyata k\u00e2rl\u0131 bir i\u015fletme edinme f\u0131rsat\u0131 hakk\u0131nda yorum yapt\u0131. Macy’s teklife kamuya a\u00e7\u0131k bir yan\u0131t vermedi.<\/p>\n

Ocak ay\u0131 sonu itibariyle Macy’s 722 ma\u011fazas\u0131ndan 316’s\u0131na sahipti. JPMorgan analistleri Macy’s’in gayrimenkul portf\u00f6y\u00fcne yakla\u015f\u0131k 8.5 milyar dolar de\u011fer bi\u00e7erken, sadece Herald Square amiral gemisi m\u00fclk\u00fcn\u00fcn de\u011ferinin yakla\u015f\u0131k 3 milyar dolar oldu\u011fu tahmin ediliyor. Macy’s \u015fu anda 5,7 milyar dolar piyasa de\u011ferine sahip ve 3,16 milyar dolar bor\u00e7 ta\u015f\u0131yor.<\/p>\n

Arkhouse ve Brigade ile ili\u015fkili bir kaynak, Macy’nin mali kay\u0131tlar\u0131na eri\u015fim izni verilmesi halinde firmalar\u0131n tekliflerini art\u0131rabileceklerini belirtti. Her iki firma da konuyla ilgili yorum yapmaktan ka\u00e7\u0131nd\u0131. Bu, Macy’s’e gayrimenkullerinden faydalanmas\u0131 i\u00e7in yap\u0131lan ilk yat\u0131r\u0131mc\u0131 bask\u0131s\u0131 de\u011fil; benzer \u00f6neriler 2015 y\u0131l\u0131nda aktivist hedge fonlar\u0131 Starboard Value ve iki y\u0131l \u00f6nce Jana Partners taraf\u0131ndan da yap\u0131lm\u0131\u015ft\u0131.<\/p>\n

Macy’s, \u015eubat ay\u0131nda CEO’luk g\u00f6revini devralacak olan Tony Spring ile birlikte bir liderlik de\u011fi\u015fiminden ge\u00e7iyor. \u015eirket, \u00f6zel markalar\u0131 tan\u0131tmak, daha k\u00fc\u00e7\u00fck ma\u011fazalara odaklanmak, dijital pazar\u0131n\u0131 geni\u015fletmek ve Bloomingdale’s’i l\u00fcks bir marka olarak konumland\u0131rmak gibi stratejiler uyguluyor ve bu da son \u00fc\u00e7 ayda hisselerinin neredeyse iki kat\u0131na \u00e7\u0131kmas\u0131na katk\u0131da bulundu.<\/p>\n

Arkhouse ve Brigade’den gelen teklifin, Macy’s \u00fczerinde m\u00fclk varl\u0131klar\u0131n\u0131 k\u00fc\u00e7\u00fcltme ve \u00e7evrimi\u00e7i varl\u0131\u011f\u0131n\u0131 geli\u015ftirme konusunda ek bask\u0131 olu\u015fturmas\u0131 bekleniyor. Ancak TD Cowen analistleri, m\u00fclk sat\u0131\u015f\u0131n\u0131n \u00e7e\u015fitli yerlerdeki potansiyel tapu k\u0131s\u0131tlamalar\u0131 ve benzersiz anla\u015fmalarla karma\u015f\u0131k ve zaman al\u0131c\u0131 bir s\u00fcre\u00e7 olabilece\u011finin alt\u0131n\u0131 \u00e7izdi.<\/p>\n

Bankac\u0131lar da Macy’s’in mevcut y\u00fcksek faiz oranlar\u0131 ve ticari m\u00fclk finansman\u0131n\u0131n durumu nedeniyle g\u00fc\u00e7l\u00fc bir teklif almakta zorlanabilece\u011fi konusunda uyar\u0131da bulundu. Bu durum, Nordstrom Inc (NYSE:JWN) ve Kohl’s Corp (NYSE:KSS) gibi di\u011fer perakendecilerin son be\u015f y\u0131l i\u00e7inde \u00f6zelle\u015ftirme giri\u015fimlerinde benzer zorluklarla kar\u015f\u0131la\u015ft\u0131\u011f\u0131 bir d\u00f6neme denk geliyor.<\/p>\n

Arkhouse ve Brigade’in sat\u0131n alma teklifi, daha \u00f6nce Arkhouse’un Columbia Property Trust (NYSE:CXP) i\u00e7in teklif verdi\u011fi ve daha sonra Pimco taraf\u0131ndan geride b\u0131rak\u0131ld\u0131\u011f\u0131 senaryoda oldu\u011fu gibi, potansiyel olarak ba\u015fka teklif sahiplerinin ortaya \u00e7\u0131kmas\u0131na yol a\u00e7abilir. Ancak, mevcut ekonomik ortam Macy’s i\u00e7in uygun bir anla\u015fma sa\u011flamada \u00f6nemli zorluklar yaratabilir.<\/p>\n

Reuters bu makaleye katk\u0131da bulunmu\u015ftur.<\/p>\n

Bu makale yapay zekan\u0131n deste\u011fiyle olu\u015fturulmu\u015f, \u00e7evrilmi\u015f ve bir edit\u00f6r taraf\u0131ndan incelenmi\u015ftir. Daha fazla bilgi i\u00e7in \u015eart ve Ko\u015fullar b\u00f6l\u00fcm\u00fcm\u00fcze bak\u0131n.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Macy’s 5,8 milyar dolarl\u0131k teklifin ard\u0131ndan se\u00e7enekleri de\u011ferlendiriyor<\/p>\n","protected":false},"author":1,"featured_media":47443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[65],"tags":[364,3045,585],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/posts\/47442"}],"collection":[{"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/comments?post=47442"}],"version-history":[{"count":1,"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/posts\/47442\/revisions"}],"predecessor-version":[{"id":47444,"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/posts\/47442\/revisions\/47444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/media\/47443"}],"wp:attachment":[{"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/media?parent=47442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/categories?post=47442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nonamefx.com\/wp-json\/wp\/v2\/tags?post=47442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}