Kohl’s Provides Update on Ongoing Expression of Interest Review | News
MENOMONEE FALLS, Wis.–(BUSINESS WIRE)–March 21, 2022–
Kohl’s Corporation (NYSE:KSS) (“Kohl’s” or the “Company”) today provided the following update regarding the board’s ongoing review of expressions of interest to acquire the Society.
The Council acknowledged receipt of multiple preliminary expressions of interest. Proposals received are non-binding and without committed funding.
The board of directors has authorized Goldman Sachs to coordinate with selected bidders who submitted expressions of interest to assist them in continuing due diligence so that they have the opportunity to refine and improve their proposals and Include committed funding and binding documentation.
As announced on February 4, 2022, the Board Finance Committee leads the ongoing review of any expressions of interest. The finance committee, which was formed pursuant to the 2021 settlement agreement with Macellum Advisors GP, LLC and other shareholders, is composed entirely of independent directors.
About Kohls
Kohl’s (NYSE: KSS) is a leading omnichannel retailer. With over 1,100 stores in 49 states and the online convenience of Kohls.com and the Kohl’s app, Kohl’s offers amazing national and exclusive brands at incredible savings for families nationwide. Kohl’s is in a unique position to deliver on its strategy and vision to be the most trusted retailer of choice for the active, casual lifestyle. Kohl’s is committed to advancing its diversity and inclusion commitments, as well as the company’s environmental, social and corporate governance (ESG) management. For a list of store locations or to shop online, visit Kohls.com. For more information on Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com or follow @KohlsNews on Twitter.
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KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN
INDUSTRY KEYWORD: HOME ONLINE RETAIL CATALOG FASHION LUXURY COSMETICS RETAIL DEPARTMENT STORE
SOURCE: Kohls
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PUBLISHED: 03/21/2022 08:30/DISC: 03/21/2022 08:32
http://www.businesswire.com/news/home/20220321005388/en
Copyright BusinessWire 2022.