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

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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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