Kohl’s is fielding takeover offers from at least two suitors.
The news set the company’s stock soaring in premarket trading.
Sycamore is willing to pay at least $65 per share for Kohl’s, implying a 39% premium to the stock’s last close of $46.84, people familiar with the matter tell CNBC.
The offer from Sycamore came two days after Acacia Research, backed by activist investment firm Starboard Value, offered to pay $64 a share for Kohl’s, sources said.
I can only provide my own speculation and theories. Everything I post is my own opinion. DO YOUR OWN DD!
AI
