Kohl's up, says engaged with more than 20 parties over strategic alternatives

KSS

08/03/2022 12:24

** Shares of department store operator  KSS.N  up 3.2% at
$52.80 premarket 
    ** In a proxy statement on Monday, co says investment bank
Goldman Sachs  GS.N  spent January, February and March engaging
with over 20 financial sponsors, strategics and
real-estate-focused investors regarding a range of potential
strategic alternatives involving the company  urn:newsml:reuters.com:*:nL2N2VB014
    ** The bank interacted with parties that submitted interest
in company and its bankers made outbound calls to others - KSS
    ** Earlier this year, KSS rejected separate takeover bids
from Sycamore Partners and Starboard Value-backed Acacia
Research after they each offered to pay between $64 and $65 a
share, valuing company at around $9 bln
    ** As of last close, KSS up 2.6% YTD  

 (Reporting by Eva Mathews in Bengaluru)
 ((Eva.Mathews@thomsonreuters.com;))