Starboard-Backed Acacia Research Makes $9 Billion Bid for Kohl's
Activist hedge fund Starboard Value is behind a group that made a $9 billion bid for department-store operator Kohl's, according to a report. The bidding group is led by Starboard-backed Acacia Research, which told Kohl's (ticker: KSS) that it was assured by bankers that it could get financing for a bid that values the retailer at $64 per share, The Wall Street Journal reported.
https://www.barrons.com/articles/kohls-kss-starboard-value-acacia-research-51642868397
Seonglae Cho
