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AP National Business

After rough run, Kohl’s surges on potential takeover

KION
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Published 4:11 AM

By MICHELLE CHAPMAN
AP Business Writer

Shares of the department store Kohl’s are up more than 11% after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday that it was in a three-week exclusive takeover period with the owner of Vitamin Shoppe for $60 per share. The potential buyer, the Franchise Group, which focuses on franchise companies, will make final financing arrangements and complete due diligence before signing off on the deal during that period.

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