MACY'S ANNOUNCES MERGER WITH MAY STORES
MACY'S ANNOUNCES MERGER WITH MAY STORES
Terry Lundgren, president, chair and CEO of Federated Department Stores which owns Macy's, announces that Federated and Mays Department Store has entered into a merger agreement at a press conference February 28, 2005 in New York City. The deal, which was approved yesterday, will establish Federated as a $30 billion national retailer operating more than 950 stores. (UPI Photos/Monika Graff)
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