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

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.