Kohl’s Corp shares rose as much as 8.8% after Reuters broke the news that the U.S. retailer has been approached by a potential buyer. Acacia Research, which is backed by activist investment firm Starboard Value, has held talks with Kohl’s in the last few days to lay the groundwork for a bid, people familiar with the matter said.
Reuters reveals Acacia Research contacts Kohl’s to explore bid for retailer
18 January 2022, 11:15 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Commodities & EnergyRetail & Consumer Goods
Regions: North America
Countries: US
Win Types: Speed
Media Types: Text
Customer Impact: Important Regional Story