Kohl's Stock Jumps As Potential Buyers Reportedly Line-Up

by Shivani Kumaresan, Benzinga Staff Writer

January 24, 2022 6:33 AM | 1 min read |

Kohl’s Corp KSS has received a potential takeover bid from New York-based private equity firm Sycamore Partners, Bloomberg reports.
The latest bid from Sycamore comes days after another bidder emerged with a $9 billion bid backed by hedge fund Starboard Value LP.
The report added that the Starboard-backed bid is valued at $64 per share.
Recently, activist investor Macellum Advisors has urged the retailer to make board changes or consider a sale.
Price Action: KSS shares traded higher by 28.4% at $60.15 in premarket on the last check Monday.

Posted In: M&A News Rumors Movers Trading Ideas Briefs why it's moving

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.