By  on January 18, 1994

NEW YORK — At least one Wall Street analyst who’s examined Federated Department Stores’ strike at R.H. Macy & Co. feels it’s a good deal for the Cincinnati-based organization as both a merger and a simple investment.

Michael Exstein, of Kidder Peabody, said the biggest plus is that it places Federated in a “unique position to influence the fate of its primary competitor.” He does caution, however, that the process has just begun and “is likely to move in unforeseen ways.”

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