News Formal

Kohl’s: Buyout offers undermine value of business

  • 📰 chicagotribune
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 91%

Business News News

Business Business Latest News,Business Business Headlines

Kohl’s says that recent offers to purchase the department store chain undervalue its business and said it’s adopting a shareholder rights plan to head off any hostile takeovers.

People walk by a Kohl's department store in Clifton, New Jersey, on Thursday, January 27, 2022.

“We have a high degree of confidence in Kohl’s transformational strategy, and we expect that its continued execution will result in significant value creation,” said Kohl’s Chairman Frank Sica in a statement. “The board is committed to acting in the best interest of shareholders and will continue to closely evaluate any opportunities to create value.”

At the time Kohl’s Corp., based in Menomonee Falls, Wisconsin, said that its board was reviewing the offers.

 

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:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kohl's Says Takeover Offers Undervalue Its Business, Initiates ‘Poison Pill'Kohl’s said it has adopted a shareholder rights plan, otherwise known as a “poison pill,” in order to avert a hostile takeover.
Source: nbcchicago - 🏆 545. / 51 Read more »

SOL, DOT and AVAX Are Among Biggest Losers on Market With 12% Loss in 24 HoursSolana, Polkadot and Avalanche are continuously losing their value as the altcoin market starts bleeding
Source: Utoday_en - 🏆 295. / 63 Read more »