Sycamore Partners Offers Takeover Offer to Kohl’s -Bloomberg News


How much Sycamore is willing to pay for the business is unclear, according to Bloomberg.

The potential takeover bid comes as Kohl’s is already facing an offer from Acacia Research Corp, which is backed by activist investment firm Starboard Value, Reuters reported last week.

Kohl’s is also under pressure from activist hedge fund Macellum Advisors GP LLC, which has urged the company to explore strategic options, including a sale, and said it plans to appoint directors to the board.

Sycamore declined to comment. Kohl’s did not immediately respond to Reuters’ request for comment.



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