The retail holding company Franchise Group is weighing lowering its bid for Kohl’s, according to a person familiar with the deal talks.
Franchise Group has lined up financing with lenders, the person added. But the company, run by Chief Executive Officer Brian Kahn, is weighing a lower price now as retailers grapple with bloated inventory and higher prices.proposed a bid of $60 per share to acquire Kohl's at a roughly $8 billion valuation
. The two companies then entered a three-week window during which they can firm up any due diligence and final financing arrangements. That ends this weekend. The off-mall department store chain was first urged to consider a sale or another alternative to boost its stock price
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