Kohl’s Stock Surges On Exclusive Sale Talks With Franchise Group

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The Street

By Martin Baccardax “The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements,” Kohl’s said. Kohl’s Corp. (KSS) – Get Kohl’s Corporation Report shares surged higher Tuesday after the struggling retailer said it’s in exclusive talks with the Franchise Group (FRG) – Get Franchise Group Inc. Report over a possible $8 billion takeover. Franchise Group said it’s prepared to pay $60 a share for Kohl’s, and has entered a three-week exclusive discussion window that Kohl’s said would allow it to “FRG and its financing partners t…

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