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May Department Stores Gobbled by Federated Department Stores

May Department Stores will be acquired by Federated Department Stores according to the Wall Street Journal e-mail which reached me just minutes ago… So I guess they have the scoop. A quick search of Google news shows no other reports of the talks reaching a conclusion. However, the report apparently isn’t official as it is attributed to a non-entity. The Journal lists the source of the information as “according to a person familiar with the matter.” Well, tomorrow there will no doubtedly be an official announcement one way or another.

This entry was posted on Sunday, February 27th, 2005 at 7:33 pm and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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