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Benzinga
Benzinga
Business
Randy Elias

Why Kohl's Stock Is Down More Than 9% Today

Kohl Franchise Group

Kohl's Corporation (NYSE:KSS) shares are trading lower following reports suggesting Franchise Group is considering lowering its bid for Kohl's from about $60 to closer to $50 per share.

According to a CNBC report, the owner is actively considering whether or not buying Kohl’s is the best use case of Franchise Group’s capital.

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