Macy's Sued In Del. To Block 'Dead Hand' Buyout Defense

By Jeff Montgomery (April 9, 2024, 4:41 PM EDT) -- A Macy's Inc. pension fund stockholder has sued for a Delaware Court of Chancery order barring the retailer from holding its May 17 annual meeting or impeding a board proxy contest launched by two investor funds after a hostile response to their company takeover offer....

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