Reports Differ on Kohl’s Sale Progress
The potential Kohl’s buyout has turned from a war of words with activist investor Macellum Capital to a clash of reportorial framing as the Wall Street Journal and New York Post painted different pictures from sources as the deadline for bids passed. WSJ reported two bids valued between $7 and $8 billion were in, as sources said Sycamore Partners valued the embattled retailer in the mid-$50 per share range, while Franchise Group Inc. tallied at about $60. The reported offers came in below April bids said to be in the mid- to high-$60s range. Kohl’s stock closed on Thursday at ... Log in to view full article.