According to a media report, a group of financial investors wants to take over the US retail chain Kohl’s Corp.
The bid amounts to around 9 billion US dollars, the news agency reported "Bloomberg" over the weekend, citing people familiar with the matter. The group of investors is led by Acacia Research Corp and financially backed by activist hedge fund Starboard Value LP.
Buying Kohl’s would be Acacia’s largest acquisition to date. Kohl’s declined to comment on the offer, it said. (dpa)