Kohls stock surges on report bidders are still competing for company - BitcoinEthereumNews.com
KabuhayanAng pagtaas ng stock ni Kohl sa mga bidder ng ulat ay nakikipagkumpitensya pa rin para sa kumpanya05 / 25 / 2022Balita ng Ethereum ng Bitcoin Ang logo ng Kohl ay ipinapakita sa labas ng tindahan ng Kohl noong Enero 24, 2022 sa San Rafael, California. Kohls shares surged more than 15% Wednesday, after being briefly halted, on hopes the retailer could still be bought following recent volatility in the market and a disappointing earnings report. A Reuters report said bidders competing to buy Kohl‘s are preparing to make binding offers, albeit lower than the indicative bids. Kohl’s had said last week that fully financed bids would be due in the coming weeks, and CEO Michelle Gass said she was “pleased” with the interested parties. Reuters, citing people familiar with the matter, reported Wednesday that bidders plan to lower their offers by at least 10% to 15%. Reuters said bidders include private equity firm Sycamore Partners, brand holding firm Franchise Group and a duo of Simon Property Group and Brookfield Asset Management. However, a person familiar with the matter told CNBC that Grupong Ari-arian ng Simon, the biggest U.S. mall owner, is not planing to make a bid for Kohls. Representatives from Kohl‘s and Sycamore declined