Announced
Financials
Tags
Diversified Retailers
Domestic
Friendly
Acquisition
Majority
Single Bidder
United States
Pending
Public
department store
Synopsis
Franchise Group, a holding company that acquires and manages mainly franchise companies, agreed to acquire Kohl’s, a department store retail chain, for $8bn. If Franchise Group and Kohl’s Corporation enter into a definitive agreement, Franchise Group intends to contribute approximately $1bn of capital to the transaction, all of which is expected to be funded through a corresponding increase in the size of its secured debt facilities.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.