24 January 2022
The Weekly
United States

Kohl’s has received at least two takeover bids in the past few days, triggering a sharp spike in the retailer’s stock price early Monday morning. Reuters and The Wall Street Journal reported over the weekend that a group led by activist hedge fund Starboard Value put in a bid of or $9bn and had the financing for a deal. Other media reports that followed indicated that Starboard and Sycamore Partners were also bidders.