Kohl's Confirms It Has Been Approached About a Possible Sale

Tuesday, January 25th, 2022 -- 12:01 PM

(AP) Kohl’s is confirming that it has been approached about a possible sale of the department store chain, sending shares up more than 30% in early trading.

The company said that it would not comment further, but its confirmation Monday follows media reports that the private equity firm Sycamore Partners had approached Kohl’s about a potential deal.

Days earlier, a group backed by activist hedge fund Starboard Value LP reportedly bid $64 per share or about $9 billion. The Menomonee Falls, Wisconsin, based retailer said its board is reviewing the offers.

Feel free to contact us with questions and/or comments.