Kohl’s beat back activists and is in talks to be sold for around $8 billion. But its suitor could bring a new set of challenges for the department-store chain.
Franchise Group which owns the Vitamin Shoppe, Pet Supplies Plus and other retailers, said it has entered into a three-week exclusive negotiation period to acquire Kohl’s for $60 a share. Franchise Group said it would kick in $1 billion, but most of the deal will be financed by selling Kohl’s real estate.
Source: https://www.wsj.com/articles/kohls-suitor-wants-to-buy-the-chain-by-selling-kohls-properties-11654687302?mod=itp_wsj&yptr=yahoo