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Bangkok Post
Bangkok Post
Business

Kohl's Gets $9 Billion Bid From Starboard Value Group

Kohl Starboard Acacia
Kohl's has said it plans to unveil its strategic plans at an investor day in March.  REUTERS

A consortium backed by activist hedge fund Starboard Value LP has offered roughly $9 billion to buy department store Kohl's Corp., according to people familiar with the matter.

A group led by Acacia Research Corp., which Starboard controls, offered to buy the department-store chain for $64 a share in cash Friday, the people said.

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