New York, February 18—-The Wall Street Journal reported this morning that the acquisition talks that would see Federated Department Stores buy May Department Stores are back on again.
The newspaper said that the talks are reaching a "more serious stage" and the companies were about $2 a share apart on a deal price.
The newspaper cited people familiar with the matter.
It was reported that late last week the talks between the two department store companies came to a halted because an agreement over selling price could not be reached.
After reporting fourth quarter earnings that were below expectations, May has come under increasing pressure to either sell to Federated or name a new CEO to replace Gene Kahn who unexpectedly resigned from that post last month.
Since the resignation of Kahn, May shares have risen by more than 13 percent.
