RTTNews | Nov 4, 2021 10:05AM EDT

10:05 Thursday, November 4, 2021 (RTTNews.com) - NuOrion Advisors, a shareholder of Macy's, Inc. (M), said it has sent a letter to the Chairman of the Board of Macy's urging board action To accelerate digital transformation. In the letter, NuOrion demanded the formation of a Digital Special Committee to evaluate and solicit proposals: from private equity firms to make a strategic investment in Macys.com; from EV Car manufacturing and charging companies to utilize ground floor and parking facilities of landmark stores; and pursue the acceptance of Crypto payments.

NuOrion believes Macy's share price is materially undervalued and requires urgent action to unlock value.

Read the original article on RTTNews ( https://www.rttnews.com/3239632/nuorion-demands-urgent-board-action-to-accelerate-digital-transformation-at-macy-s.aspx)

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