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Reuters reveals Acacia Research contacts Kohl’s to explore bid for retailer

Kohl’s Corp shares rose as much as 8.8% after Reuters broke the news that the U.S. retailer has been approached by a potential buyer. Acacia Research, which is backed by activist investment firm Starboard Value, has held talks with Kohl’s in the last few days to lay the groundwork for a bid, people familiar with the matter said. 

The post Reuters reveals Acacia Research contacts Kohl’s to explore bid for retailer appeared first on Reuters News Agency.

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