Reuters exclusively reported that Ancora Holdings, one of the hedge funds that spearheaded a board shake-up at Kohl’s Corp, is now pushing for the removal of the U.S. retailer’s chief executive and board chairman. The move marks the beginning of a new round of shareholder unrest for Kohl’s after the company explored a sale and decided in July to remain independent, leading to a plunge in its shares and disappointing investors who had pushed for a deal.
Business & Finance
Reuters reveals hedge fund Ancora seeks ouster of Kohl’s CEO, chairman
22 October 2022, 1:40 pm. 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: North America
Countries: US
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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