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Struggling Macy’s rumored to be in takeover talks with owner of Saks

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Shares of Macy’s Inc. rose sharply Friday following a report of a potential takeover offer for the struggling department store chain. The Cincinnati company has been approached by Toronto-based Hudson’s Bay Co., which already owns the Saks Fifth Avenue and Lord & Taylor brands in the U.S., about a possible acquisition, the Wall Street Journal reported,…

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