Department store giant Kohl's has been offered an acquisition deal by competitor JCPenney for a whopping $8.6 billion, according to a New York Post report.
Simon Property and Brookfield Asset Management, both of which aided JCPenney out of bankruptcy in 2020, have reportedly offered $68 a share to acquire the Wisconsin-based retailer.
https://patch.com/new-jersey/across-nj/nj-kohl-s-stores-be-acquired-competitor-report