A decision on whether Kohl's gets sold is getting nearer.
In February, Kohl’s rejected a couple of unsolicited bids in the $64 to $65 per share range, and could now be seeking to entertain bids around $70.The Kohl’s finance committee of the board is working with Goldman Sachs on reviewing takeover offers. The finance committee is comprised exclusively of independent directors.
Kohl’s shareholders will vote on the board at its annual meeting of shareholders, which is scheduled for May 11. Kohl’s shareholders of record as of the close of business on March 7 will be entitled to vote at the annual meeting. “To ensure we are maximizing shareholder value, your board is reviewing alternatives through an intentional and ongoing dialogue with potential bidders,” Kohl’s said in its letter. “This process is robust and will be measured against the value creation potential of our compelling stand-alone plan. Regardless of the outcome of this process, we are excited about the many opportunities ahead for Kohl’s.
Instead, Kohl’s said it “strongly” recommends voting the blue proxy card, which is being sent to shareholders, in favor of the 13 members of Kohl’s existing board. They are Michael Bender, Thomas Kingsbury, Peter Boneparth, Robbin Mitchell, Yael Cosset, Jonas Pricing, Christine Day, John E. Schlifske, H. Charles Floyd, Adrianne Shapira, Stephanie A. Streeter, Margaret Jenkins, Frank Sica and Michelle Gass, the chief executive officer of Kohl’s.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Padres looking for their next good closerRobert Suarez is leading candidate to protect lead in final inning, others seem capable of role — with questions
Read more »
'I believe healthcare is a right': Dr. Carrie Nelson works to improve patient careTo honor Women's History Month CBS 2 is taking a look at women in medicine.
Read more »
Five things we learned in an upsetting first two rounds of the NCAA TournamentFrontPageBets takes an inside look at the opening weekend of March Madness.
Read more »
Oakland Athletics Ballpark Plan May Be Headed to November BallotThe Oakland A's may face another curveball in their quest to build a new waterfront ballpark.
Read more »
A Brief, Fluttering History of Butterflies in Art, From Symbols of Regeneration to Reminders of the Fleetingness of Life | Artnet NewsWith the dawn of spring, we take a closer look at the symbolism of butterflies, across the centuries and around the world.
Read more »
Oscar Effects: A Closer Look at the 2021 'Visual Effects' Nominees | Digital TrendsEvery year, five films are nominated for an Academy Award in the Best Visual Effects category. The projects nominated each year offer a unique perspective on the visual effects artistry filmmakers use to take audiences to new worlds, turn back the clock, and make all manner of movie magic. In recognition of these five films — and one of our favorite Oscar categories — we’re putting the spotlight on one nominee in the Best Visual Effects category each day leading up to the 93rd Academy Awards on Sunday, April 25. We’ll take a closer look at what made them stand out through interviews with the artists responsible for each film’s most memorable visual effects elements.
Read more »