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

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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.

 

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