Kohl's enters exclusive talks with Franchise Group

Franchise

07/06/2022 24:51

June 6 (Reuters) - Kohl's Corp  KSS.N  said on Monday it has
entered exclusive negotiations with Franchise Group Inc  FRG.O 
over a potential sale of the department store operator at $60
per share.
    "The purpose of the exclusive period is to allow FRG and its
financing partners to finalize due diligence and financing
arrangements and for the parties to complete the negotiation of
binding documentation," Kohl's said in a statement.
    

 (Reporting by Ann Maria Shibu in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((AnnMaria.Shibu@thomsonreuters.com; +1 646 223 8780;  + 91 80
6749 2795;))