Kohl’s confirms receipt of takeover offer

Kohl’s Corp.
KSS,
-2.60%

confirmed that “it has received letters expressing interest in acquiring the Company,” in a Monday morning release, and says the board “will determine the course of action that it believes is in the best interests of the Company and its shareholders.” The Wall Street Journal reported Friday that a consortium backed by Starboard Value LP had made an offer to buy the company for $9 billion. The department store retailer has

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