May-Federated Reportedly Differ Over Price

New York City, Price has emerged as the primary sticking point as Federated Department Stores explores the possible takeover of May Department Stores, The Wall Street Journal reported today. The newspaper said that while Federated’s CEO Terry Lundgren met recently with May’s acting CEO John Dunham, there are no signs suggesting a deal is upcoming, and the two differ over the price May would accept.

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