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Kohl’s: Buyout offers undermine value of business

by staff

The move comes as Wisconsin-based Kohl’s, which has 66 stores in Illinois alone, has received multiple buyout offers in recent weeks. Private equity firm Sycamore Partners had reportedly approached Kohl’s about a potential deal last month. A group called Acacia Research, backed by activist hedge fund Starboard Value LP, bid $64 per share, or about $9 billion.

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