JCPenney owners offer to buy archrival Kohl’s for $8.6B
The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The Post has learned.

Under the proposal, shopping-mall giant Simon Property and Canada-based Brookfield Asset Management — which together scooped JCPenney out of bankruptcy in December 2020 — have offered to acquired Kohl’s for $68 a share, according to sources close to the talks.

Kohl’s shares on Monday closed at $60.39, up 5.3 percent....

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RSK: For some reason, I hope Kohl`s does not accept.

Ken Notes: I would watch for an offer from Amazon as they still need last mile help for larger items and Kohl`s owns a lot of their brick and mortar. Also JCP may want to sell off the brick to have some ready cash for operations...



- - Volume: 10 - WEEK: 19 Date: 5/3/2022 8:22:45 AM -