Federated to Vote on May Merger on Wednesday
Cincinnati, Federated Department Stores shareholders will vote on July 13 on the company’s plan to acquire May Department Stores for $17 billion.
With a favorable vote, Federated will solidify its standing as the nation’s largest department store retailer.
The Wednesday morning session will take place at Federated’s Cincinnati headquarters and will include the company’s annual stockholders meeting. Federated anticipates that the acquisition of May will be completed in the third quarter, before the holiday shopping season begins.