NPR logo

Retailer Federated to Buy Rival May for $11 Billion

  • Download
  • <iframe src="https://www.npr.org/player/embed/4515879/4515880" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Retailer Federated to Buy Rival May for $11 Billion

Business

Retailer Federated to Buy Rival May for $11 Billion

Retailer Federated to Buy Rival May for $11 Billion

  • Download
  • <iframe src="https://www.npr.org/player/embed/4515879/4515880" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federated Department Stores plans to acquire May Department Stores for more than $11 billion in cash and stock. Federated owns Macy's and Bloomingdale's among other retail chains. May operates Lord & Taylor, Marshall Field's and others. The combined company will have about 1,000 stores and nearly $30 billion in annual sales.