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Federated Completes Broadway Stores Acquisition: Federated Department Stores Inc. made the announcement after shareholders of Broadway Stores Inc. approved the agreement the two companies reached Aug. 14. Cincinnati-based Federated--owner of Macy’s, Bullock’s, Bloomingdale’s and other chains--is acquiring the company in exchange for $541 million in stock. Federated will also assume $421.1 million of Broadway Stores’ mortgage debt. The Los Angeles-based retailer operates 82 stores under The Broadway, Emporium and Weinstocks names in California and other western states. Federated said it will convert four to six Broadway Stores properties to Bloomingdale’s, marking that division’s entry into California, and that other properties will be converted into other Federated stores early next year. Federated plans to sell some of the stores but said it has not decided how many. Industry analysts say Sears, Roebuck & Co. is among the companies negotiating for some of those properties.