The New York Post: Macy’s stock jumps 5% on talk of sale as long-time CEO Lundgren steps down

Terry Lundgren’s final weeks as chief executive of Macy’s are anything but peaceful.

The veteran retail boss, who is stepping down as CEO later in the quarter, is trying to avoid an ugly board shakeup that could tarnish his 13-year legacy and turn the largest US department store into a battleground littered with discarded top brass, The Post has learned.

Lundgren, who had not planned to cap his tenure with a sale, has recently become open to offers from potential friendly buyers as a proactive measure to head off any attempt to mess with the board, sources familiar with the situation said.

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