Kohl’s soars after takeover offer, but skeptical analysts question the retailer’s real estate value

Kohl’s Corp. stock soared 31.8% in Monday trading to buck a highly negative market trend, after the department store retailer confirmed that it had received buyout offer.

The Wall Street Journal first reported talk of a takeover, writing that a consortium backed by Starboard Value LP proposed a deal valued at $9 billion. Kohl’s confirmed receipt of an offer on Monday and said the company “will determine the course of action that it believes is in the best…

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