‘Bidder’ days for Macy’s

Macy’s investor Arkhouse Management said Thursday the department store was in talks with the investment firm for opening its books for due diligence on the prospects of a higher offer.

The firm and Brigade Capital had on March 3 raised their offer to $24 apiece for the shares they did not already own, valuing Macy’s at $6.6 billion, while leaving the door open for a higher bid.

Arkhouse has a 4.4% stake along with its affiliates. Macy’s shares rose 3.5% to $21.50 on Thursday.