Macy's has reportedly been approached about a takeover by Canadian retailer Hudson's Bay (M)

Macy's has received a takeover offer from Canadian retailer Hudson's Bay, according to a report from the Wall Street Journal.
According to the Journal's Dana Mattioli, Suzanne Kapner, and David Benoit, the talks are preliminary and a deal is not assured. The report cited sources close to the matter.
The report also states that the two companies are exploring additionally ways to cooperate outside of a merger, including Hudson's taking on some of Macy's real estate portfolio.
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