Kohl’s Gets $9 Billion Bid 37% Above Market from Activist Hedge Fund

Department store chain Kohl’s Corp received an unsolicited offer from activist hedge fund Starboard Value LP to buy the company Friday. The WSJ reported that sources disclosed a group led by a group controlled by Starboard, Acacia Research Corp. offered to buy Kohl’s for $64 a share in cash. Acacia said it has received assurances from bankers it has financing for the bid. Reuters reported earlier this week that Acacia was exploring a possible bid for Kohl’s. Kohl’s $KSS shares … Continue reading “Kohl’s Gets $9 Billion Bid 37% Above Market from Activist Hedge Fund”

Did Department Stores Holiday Sales Survive Retail Apocalpyse and Amazon Takeover

Department stores reporting 4Q holiday and e-commerce sales give us a look if retailers are going to survive the retail apocalypse and the Amazon takeover. Macys $M, Kohl’s $KSS, Nordstrom $JWN and J.C.Penney $JCP report this week.