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Kohl’s Still in Play To Be Acquired

May 25, 2022

Kohl’s Corporation ( Kohl`s Corp. – $43.19 1.57 (0.03624%) ) shares jumped 12% Wednesday after a Reuters report revived investors’ hopes that the company could still be acquired.

The report cited people familiar with the matter as saying that multiple entities are preparing binding bids for the department store chain.

In January 2022, Acacia Research, which is controlled by Starboard Value, an activist hedge fund, bid $64 per share for Kohl’s.

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