Benzinga | Nov 4, 2021 07:45AM EDT

Macy's Shareholder, NuOrion, Sends Letter To Chair 'demanding formation of Digital Special Committee to evaluate, solicit proposals' For Investment In Macy's.com, Utilization Of Ground Floor, Parking Facilities For Electric Vehicles, Accept Crypto

MACY'S SHOULD FORM PARTNERHIPS WITH EV CAR COMPANIES THAT WILL DRIVE ENORMOUS TRAFFIC TO MACY'S STORES AND SHOULD IMMEDIATELY ACCEPT CRYPTO PAYMENTS

WE BELIEVE THAT MACY'S DIGITAL AND RETAIL FOOTPRINT SHOULD BE WORTH MORE THAN $75 PER SHARE

RECENT SAKS.COM TRANSACTION TRANSFORMS COMPETITIVE LANDSCAPE AND REQUIRES IMMEDIATE STRATEGIC RESPONSE

7 PRIVATE EQUITY FIRMS BID FOR MINORITY STAKE IN SAKS.COM AT HIGHLY ATTRACTIVE VALUATION

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- NuOrion Advisors, LLC ("NuOrion"), a shareholder of Macy's, Inc. (NYSE:M), today announced that it has sent a letter to the Chairman of the Board demanding the formation of a Digital Special Committee to evaluate and solicit proposals: i) from private equity firms to make a strategic investment in Macys.com, ii) from EV Car manufacturing and charging companies (e.g. Tesla, Lucid, Rivian, Atom Power) to utilize ground floor and parking facilities of landmark stores, and iii) pursue the acceptance of Crypto payments.

The full text of NuOrion's Letter is available for viewing at the following link: https://nuorionadvisorsbusiness.files.wordpress.com/2021/11/letter-to-m-chairman-3.pdf