Federated announces December 19, 1994 as target date for Macy's merger.CINCINNATI--(BUSINESS WIRE)--Dec. 13, 1994--Federated Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. today announced that it has targeted Monday, December 19, 1994, as the closing date for its planned merger with R.H. Macy & Co., Inc. If the merger and the related plan of reorganization of Macy's becomes effective on that date, approximately 55.6 million shares of common stock of the combined company, together with approximately 18.0 million warrants to purchase shares of common stock of the combined company, will be issued to certain unaffiliated creditors of Macy's pursuant to the plan of reorganization. The plan of reorganization also provides for distributions of cash and debt securities to Macy's creditors. The consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of the merger and the other transactions contemplated by the plan of reorganization remain subject to various conditions. Although it is believed that these conditions will be satisfied, there can be no assurance with respect thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. or as to the actual timing of the consummation of such transactions. Any change in the proposed closing date for the merger could affect the calculation of the number of shares and warrants issuable pursuant to the plan of reorganization. Federated Connected and treated as one. See federated database and federated directories. , with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $7.2 billion. Federated currently operates 236 department stores in 26 states under the names of Abraham & Straus, Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Jordan Marsh Jordan Marsh was the name of a Boston, Massachusetts-based department store. Founded in 1841 and eventually part of Allied Stores and then Federated Department Stores; in 1996, the last of the Jordan Marsh stores were renamed Macy's. , Lazarus, Rich's and Stern's. Founded in 1858, Macy's is one of the nation's leading retail companies, operating 111 Macy's and Bullock's department stores, 12 I. Magnin I. Magnin was a San Francisco, California-based high fashion and specialty luxury department store. Over the course of its existence, it expanded across the West into Southern California and the adjoining states of Arizona, Oregon, and Washington. stores and more than 100 specialty and clearance stores across the U.S. The New York-based company has annual sales revenues of $6.3 billion. CONTACT: Federated Department Stores, Inc., Cincinnati
Carol Sanger - Media, 513/579-7764
Susan Robinson - Investor, 513/579-7780
Macy's, New York
Laura Melillo, 212/494-1779
James Fingeroth or Michael Freitag, 212/593-2655
|
|
|||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion