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Kohl’s Corp (NYSE: KSS) is getting binding offers lower than indicative bids amid disappointing quarterly results

Kohl’s getting lower binding offers after disappointing quarterly results

Bidders plan to lower their offers by at least 10% to 15%

By Shubhangi Mathur
Published - May 25, 2022, 08:35 PM ET
Last Updated - Feb 29, 2024, 01:56 PM EST

• Bidders plan to lower their offers by at least 10% to 15%

Kohl’s Corp (NYSE: KSS) is getting binding offers lower than indicative bids amid disappointing quarterly results.

Reuters reported that bidders plan to lower their offers by at least 10% to 15%.

Bidders include private equity firm Sycamore Partners, brand holding firm Franchise Group and a duo of Simon Property Group and Brookfield Asset Management, according to a Reuters report.

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