Federated Makes A Move On Macy's

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NEW YORK -- Federated Department Stores Inc. made a surprise move Sunday toward acquiring its archrival, R.H Macy & Co., Inc.

Federated has...

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Federated Makes A Move On Macy's

NEW YORK -- Federated Department Stores Inc. made a surprise move Sunday toward acquiring its archrival, R.H Macy & Co., Inc.Federated has bought half of the secured claim of Macy's single largest creditor -- Prudential Insurance Co. of...

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