Kohl’s Is a Takeover Target. What That Means for the Stock.


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Kohl’s stock soared on reports of potential takeover offers that could value the company at more than $9 billion.


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Kohl’s investors have been trapped between hopes for a takeout and subpar fundamentals. All their worries could fade, however, if a deal eventually happens.

Kohl’s stock (ticker: KSS) soared this past Wednesday on reports that private-equity firm Sycamore Partners and Canadian department store operator Hudson’s Bay were preparing takeover offers that could value the company at more than $9 billion. Kohl’s saw a similar surge the previous week, when proxy filings showed that it had fielded queries from other potential suitors,…