Macy’s Shares Rise After , Reportedly Receiving $5.8 Billion Buyout Offer.br According to a person with knowledge of br the situation, an investor group has offered br $5.8 billion to take Macy's private, Reuters reports. .br The group reportedly consists of br Arkhouse Management and Brigade Capital.br They want to buy any Macy's stock that they don't br already have for $21 per share, sources say.br That represents a 20.76 premium from the stock's br closing price of $17.39 on Dec. 8, Reuters reports. .br The buyout group is undoubtedly br interested in Macy's large real estate br portfolio, which has attracted activists br and potential buyers in the past, Morningstar analyst David Swartz, via 'The Hill'.br Upon news of the buyout offer, Macy's shares br were up 16 on Dec. 11, trading at $20.13.br The company's total real estate value is estimated br to be $8.5 billion, according to J.P. Morgan analysts.br That comes to $31 per share, which is less than br the investor group's offer of $21 per share.br However, Arkhouse and Brigade said br that they are willing to "raise the offer br subject to due diligence," Reuters repots. .