BEAMSTART Logo

Franchise Group considers lowering Kohl's bid closer to $50 a share from about $60, source says

CNBC LogoCNBC1w ago

Franchise Group considers lowering Kohl's bid closer to $50 a share from about $60, source says

Quick Summary

The retail holding company Franchise Group is weighing lowering its bid for Kohl's, according to a person familiar with the deal talks.

Kohl's shares dropped more than 10% Wednesday afternoon.

The two companies then entered a three-week window during which they can firm up any due diligence and final financing arrangements.That ends this weekend.


More Pictures


or

Article Details

Category: Business

Topics: Business Breaking News: Business Shopping Retail Franchise Group Inc Shopping malls Source:tagname:CNBC US Source Articles Business News Kohl's Corp Cnbc Retail industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 18:03:25

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 2 minutes read

Article Length: 307 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 4078

Load More

About CNBC

CNBC Logo

Main Topics: Business

Official Website: cnbc.com

Update Frequency: 8 posts per day

Year Established: 2005

Headquarters: United States

Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #5

Load More

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.