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Trading of Macy's stock is halted amid reports that it could be bought by department store rival

Feb 03, 2017 - Washington Post Blogs

Trading of Macy's stock was briefly halted Friday after its price shot up unusually quickly, a surge that appears to be fueled by a report that the retailing giant is in preliminary talks to be acquired by Hudson's Bay, a Canadian department store empire.

The merger discussions, which were reported by the Wall Street Journal, come as each company is facing an identity crisis. Department stores have been pummeled by a host of major changes in shopping patterns. Much of our spending is movin...