Investors

Kohl’s Investors, Don’t Leave Money on the Table

Department store chain Kohl’s Corp. has been getting an earful from activist investors lately. Now some are putting their money where their mouths are.

On Friday, a Starboard Value-backed consortium of investors offered $9 billion, or $64 a share in cash, to buy Kohl’s, according to a Wall Street Journal report. Sycamore Partners and Oak Street Real Estate Capital are also said to be potential suitors. The Starboard Value offer represents a 37% premium to Kohl’s closing price before news of the offer emerged but just 26% more than their average price over the past decade. Kohl’s on Monday confirmed that it received letters expressing interest.

Source: https://www.wsj.com/articles/kohls-investors-dont-leave-money-on-the-table-11643047964

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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