Sycamore Expresses Interest in Kohl’s After Starboard-Backed Bid
(Bloomberg) — Department store retailer Kohl’s Corp. is fielding interest from two suitors at the same time that it’s grappling with multiple activist investors pressuring it to sell.
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The latest potential takeover offer comes from Sycamore Partners, which has reached out to Kohl’s about a deal, according to people familiar with the matter, just days after another bidder emerged with a $9 billion bid backed by hedge fund Starboard Value LP.
It’s unclear how much…