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Announced

Franchise Group to acquire Kohl’s for $8bn.

Financials

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Transaction Value£6,530m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Diversified Retailers

Domestic

Friendly

Acquisition

Majority

Single Bidder

United States

Pending

Public

department store

Synopsis

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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.

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