Kohl’s says that recent offers to purchase the department store chain undervalue its business and said it’s adopting a shareholder rights plan to head off any hostile takeovers.
People walk by a Kohl's department store in Clifton, New Jersey, on Thursday, January 27, 2022.
“We have a high degree of confidence in Kohl’s transformational strategy, and we expect that its continued execution will result in significant value creation,” said Kohl’s Chairman Frank Sica in a statement. “The board is committed to acting in the best interest of shareholders and will continue to closely evaluate any opportunities to create value.”
At the time Kohl’s Corp., based in Menomonee Falls, Wisconsin, said that its board was reviewing the offers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Swiss generics buyout requires flawless treatmentBlackstone and Carlyle are eyeing Novartis’ Sandoz unit, worth perhaps $25 bln. The reported valuation looks punchy given the misfiring off-patent pill producer’s limited scope to grow. The slightest hiccup could leave private equity buyers swallowing a meagre return.
Lire la suite »
Kohl's adopts 'poison pill', says buyout offers undervalue itKohl's Corp on Friday adopted a shareholder rights plans to protect itself from hostile takeovers, days after receiving buyout offers that the retailer said undervalued it.
Lire la suite »
Kohl's adopts 'poison pill', says buyout offers undervalue itKohl's Corp on Friday adopted a shareholder rights plans to protect itself from hostile takeovers, days after receiving buyout offers that the retailer said undervalued it.
Lire la suite »
Kohl's Says Takeover Offers Undervalue Its Business, Initiates ‘Poison Pill'Kohl’s said it has adopted a shareholder rights plan, otherwise known as a “poison pill,” in order to avert a hostile takeover.
Lire la suite »
Amazfit GTR 3 reviewThe Amazfit GTR 3 is a great value smartwatch that offers all the health and fitness tracking you need, without compromising on style or functionality.
Lire la suite »
SOL, DOT and AVAX Are Among Biggest Losers on Market With 12% Loss in 24 HoursSolana, Polkadot and Avalanche are continuously losing their value as the altcoin market starts bleeding
Lire la suite »