Activist investor: Kohl’s board “cannot ignore” market’s positive reaction to purchase offers
New York hedge fund and activist investor Macellum Capital Management is calling on Kohl’s Corp. to seriously consider selling the company, following a 36% spike in its share price yesterday. The jump was in response to the retailer’s confirmation of takeover offers reportedly made by Acacia Research Corp., for $64 a share, and Sycamore Partners, … Continue reading Activist investor: Kohl’s board “cannot ignore” market’s positive reaction to purchase offers
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