Macellum Advisors GP added another chapter to its war of words with the Kohl’s board room in a letter to the directors, calling on the company to open up about the sales progress that has seen seeming inaction from the retailer on several offers since February. The activist investment firm, which has a 5.4% stake in Kohl’s, has been pushing for a sale throughout Q1 after seeking a proxy war last year.

Kohl’s said in a March proxy mailing that it is in talks with “over 20 parties” through Goldman Sachs for a potential strategic alternatives. Macellum charged that shares have ... Log in to view full article.