Kohl’s Corp. confirmed on Monday that it has received preliminary acquisition interest from “multiple” prospects. The Wall Street Journal reported last week that Sycamore Partners and Saks Fifth Avenue parent Hudson’s Bay Company were preparing a bid “in the high $60s” per share. Kohl’s says Goldman Sachs is coordinating with select bidders. On February 4, Kohl’s said its finance committee was considering expressions of interest. At that time, the department store retailer also said it had rejected buyout offers. It had received an offer from Acacia Research Corp. for $64 per share in cash. Kohl’s stock is up 1.2% over the past year while the S&P 500 index has gained 14%.
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