Wisconsin-based Kohl’s could be sold soon.
Reports say private equity firm Sycamore is offering to pay Kohl’s around 65-dollars per share for the business. The news sent Kohl’s stock price soaring over 30-percent this morning. Last week Acacia Research reportedly offered Kohl’s 64-dollars a share. Kohl’s has confirmed the two companies’ interest in buying the business, but it says the decision will ultimately be up to the board and its shareholders.
