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Hedge funds urge Macy's to unlock real estate value: sources

Published Wed, Jun 3, 2015 · 09:50 PM
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New York

SEVERAL hedge funds have asked US department store company Macy's Inc to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter.

The push is in line with real estate decisions by some other major retailers that have been beneficial to their stock prices.

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