Kohl's Says Takeover Offers Undervalue Its Business, Initiates ‘Poison Pill'

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Kohl’s said it has adopted a shareholder rights plan, otherwise known as a “poison pill,” in order to avert a hostile takeover.

undervalue its business in light of future growth and cash flow generation, following a review by independent financial advisors.

The off-mall retailer also said it has adopted a shareholder rights plan, otherwise known as a"poison pill," in order to avert a hostile takeover. The plan is effective immediately and expires in February 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in BUSİNESS

Business Business Latest News, Business Business Headlines