(Boursier.com) — Kohl’s is gaining ground before the stock market on Wall Street, while according to the New York Post, the group’s sale process would be suspended for the time being. The deadline was set for this week for the final offers, but several potential buyers would have withdrawn, according to multiple sources. According to the NYP, the process would have been affected by the group’s recent warning on sales and profits for the year, on the sidelines of the publication of the first quarter. NYP sources add that the postponement could extend beyond the next quarter, to give Kohl’s more time to stabilize its business.
For its part, the Wall Street Journal understands that Sycamore Partners would have provided an offer of around $55 per share, while Franchise Group would have offered nearly $60 per share.
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