Kohl’s might be sold soon. The company said yesterday that it was negotiating with Franchise Group, a company that owns The Vitamin Shoppe and other brands. Franchise group is offering to buy Kohl’s for $60 a share. Kohl’s stock was $42.12 at the end of Monday, and rose 10% after the news. Currently, the stock is $45.30. Franchise Group’s offer would value Kohl’s at about $8 billion, and the company is currently $5.82 billion. Kohl’s said there is no guarantee that a deal would be made.
Source: https://www.cnn.com/2022/06/07/business/kohls-franchise-group-offer/index.html
