Kohl’s says board reviewing multiple buyout offers – Reuters
- Date: 22-Mar-2022
- Source: Reuters
- Sector:Economy
- Country:Middle East
Kohl’s says board reviewing multiple buyout offers – Reuters
March 21 (Reuters) - Kohl's Corp (KSS.N) said on Monday its board was reviewing multiple preliminary offers from buyers as the U.S. department store chain continues to evaluate alternatives for its business.
Canadian department store chain Hudson's Bay Co is bidding for Kohl's, a source familiar with the matter told Reuters last week. read more
The company had previously rejected buyout offers from Sycamore and Starboard Value-backed Acacia Research, with each offering to pay between $64 and $65 per share, valuing the company at around $9 billion. read more
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