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2023-11-12 10:35:01

DOW on Nostr: Macy's did business with Lehman Brothers. Lehman Brothers was an investment bank that ...

Macy's did business with Lehman Brothers. Lehman Brothers was an investment bank that provided financial services to Macy's, including underwriting debt and equity offerings, and providing advice on mergers and acquisitions.

For example, in 2006, Lehman Brothers underwrote a $1.5 billion debt offering for Macy's. Lehman Brothers also advised Macy's on its acquisition of May Department Stores in 2005.

The relationship between Macy's and Lehman Brothers ended when Lehman Brothers filed for bankruptcy in 2008.

Here is a quote from a 2008 New York Times article about the relationship between Macy's and Lehman Brothers:

"Lehman Brothers was a major underwriter of Macy's debt and equity offerings, and also advised the company on mergers and acquisitions. In 2006, for example, Lehman Brothers underwrote a $1.5 billion debt offering for Macy's."
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