Published 2 years ago

Kohl’s Is in Advanced Talks to Be Sold

Summary by Ground News

Kohl's Corp said on Monday it has entered exclusive negotiations with Franchise Group Inc over a potential sale of the department store operator at $60 per share. The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements.

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Reuters

Franchise Group enters exclusive talks over Kohl's sale

Kohl's Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday.

2 years ago·United Kingdom

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Associated Press News

After rough run, Kohl's surges on potential takeover

Shares of Kohl's spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.

2 years ago·United States

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abc News

Kohl's stock surges on buyout talks with Franchise Group

Shares of Kohl’s are up more than 12% before the market open on Tuesday after the retailer announced that it is in exclusive takeover talks with the owner of Vitamin Shoppe

2 years ago·United States

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CNN

Kohl's puts up a for-sale sign Kohl's puts up a for-sale sign

Kohl's may soon have a new owner.

2 years ago·Atlanta, United States

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KRDO

Kohl's puts up a for-sale sign

By Nathaniel Meyersohn, CNN BusinessKohl’s may soon have a new owner.Kohl’s said late Monday that it had entered into a three-week exclusive negotiation period for a potential sale with Franchise Group, a holding company which owns The Vitamin Shoppe and other retail brands.Franchise Group has proposed to buy Kohl’s for $60 a share. Kohl’s stock closed at $42.12 on Monday and rose 10% during early trading Tuesday on the news.The deal would value…

2 years ago·Colorado Springs, United States

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