Kohl’s Pushes Back on Investor Group’s Takeover Efforts
Kohl's is fighting back against an investor group's efforts to take control of the department store chain's board, arguing that it would derail its progress and momentum.
This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.
NEW YORK (AP) — Kohl’s is fighting back against an investor group’s efforts to take control of the department store chain’s board, arguing that it would derail its progress and momentum. The response, issued Monday, comes after the investor group said it had nominated nine members for Kohl’s board of directors as it looks to boost the company’s stock and its financial performance. The group owns a 9.5% stake in Kohl’s. In a letter to…