Two volleys were fired at the start of the week in the battle for Kohl’s boardroom as new bidders have reportedly entered the fray and KSS management lashed out at activist investor Macellum’s director picks ahead of the May 11 annual meeting. Various outlets, including Reuters and Barron’s, reported Mon. that Franchise Group Inc. has thrown its hat in the ring with a $9 billion indicative offer, or $69 per share, according to inside sources. The bid will be largely dependent on backing from Vintage Capital Management, which owned a 12.3% stake in Franchise Group as of Dec., Reuters reported. ... Log in to view full article.