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Kohl's says Franchise Group takeover talks have ended without a deal

·1 min read
Kohl's says Franchise Group takeover talks have ended without a deal
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Kohl's Corp. announced Friday that takeover talks with Franchise Group have ended without a deal. Franchise Group was the top bidder at $60 per share after Kohl's engaged with 25 companies. "Despite a concerted effort on both sides, the current financing and retail environment created significant obstacles to reaching an acceptable and fully executable agreement. Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal," said Pe