NEW YORK B — NEW YORK -- May Department Stores is likely to make a major acquisition in the next several months, analysts say.
"May wants to buy something, and they've probably been looking around the country for the best possible department store chain," said Peter Siris, an analyst at UBS Securities. "The problem is finding something that's available."
May is the largest U.S. operator of "conventional" department stores, with 318 stores. The stores are split among 12 divisions, including Lord & Taylor and Hecht's.