Is Macy’s (M) about to be sold? There certainly does seem to be something brewing on the horizon. This past Friday, shares in Macy’s stock were up, and it appears that the company could be right at the brink of a takeover.

An analyst for Interactive Brokers Group by the name of Rebecca Darst has said that there have been plenty of rumors that a Macy’s takeover could happen for months now. There are rumors that have recently been renewed that it may be Edward Lampert who is interested in purchasing Macy’s. Mr. Lampert already controls Sear’s Holing Corporation.

The gossip about a possible takeover began in the early summer months, when the stores were showing a decline in sales that had been open for a year or more. As well as Mr. Lampert, another acquirer that has been rumored is Kohlberg Kravis Roberts & Company.

Bloomingdale’s and Macy’s both reported a rise in August sales which far exceeded expectations. These changes were noted in stores that had been open at least a fiscal year.
So, is there a takeover of Macy’s in the works? Will the company be bought out? We can only wait and see if the rumors are indeed true. But one thing is certain. If buyout eventually happens, owners of Macy’s shares can expect nice gains on their investment. If not, the stock price will almost certainly go down.