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The Latest Breaking News from Franchise Group

2 Great Income Opportunities From Friday’s Unusual Options Activity

Twelve put options had volume-to-open-interest ratios over 10.0 by midday Friday. Here are two income opportunities worth considering.

Barchart

Read How Analysts Reacted To Kohl's Conclusion Of Strategic Review Process

Telsey Advisory Group analyst Dana Telsey has lowered the price target on Kohl's Corp (NYSE:KSS) to $35 (19% upside) from $55 and kept the Market Perform rating on the shares. Kohl's abandoned its negotiations with Franchise Group, considering the challenges in the current retail and financing environment. Also, the retail chain has cut its Q2 sales guidance on ongoing inflationary…

Benzinga

Kohl's Scraps Talks for Sale to Franchise Group

Kohl's Corp. has called off its sale to Franchise Group Inc. amid rising interest rates and an uncertain economic environment that is having a chilling effect on deal making.

Bangkok Post

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Why Kohl's Stock Is Sinking Today

Kohl's Corp (NYSE: KSS) shares are trading sharply lower Friday after the company announced it's terminating talks with Franchise Group over a potential sale.

Benzinga

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

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.

Benzinga

Franchise Group To Avail Loan From Apollo For Kohl's Buyout: New York Post

Franchise Group Inc (NASDAQ:FRG) is considering taking more than $2 billion in loan from Apollo Global Management, Inc. (NYSE:APO) to acquire Kohl’s Corp (NYSE:KSS), New York Post reported. Kohl’s board recently confirmed negotiations with Franchise Group over a $60 per share bid. The report noted Apollo is considering lending money to fund the buyout at less than three…

Benzinga

Analysis: Kohl's Downhill Road To Seeking A Buyer

The news from earlier this week that Kohl’s Corp. (NYSE: KSS) was in advanced talks to be acquired by Franchise Group Inc. (NASDAQ: FRG) marked the beginning of the end for a financially troubled

Benzinga

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Kohl’s Enters Exclusive Talks to Be Sold to Vitamin Shoppe Owner

Kohl’s Corp. is in advanced talks to be sold in a deal that could value the department-store chain at roughly $8 billion.

Bangkok Post

Why Kohl's Stock Is Moving Higher Today

Kohl's Corp (NYSE: KSS) shares are trading higher Tuesday after the company's board announced it has entered into exclusive negotiations with Franchise Group in relation to the Group's proposal to acquire Kohl's for $60 per share.

Benzinga

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

What's Going On With Kohl's Shares Today

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

Benzinga

Earnings Outlook For Franchise Group

Franchise Group (NASDAQ:FRG) is set to give its latest quarterly earnings report on Thursday, 2022-05-05. Here's what investors need to know before the announcement. Analysts estimate that Franchise Group will report an earnings per share (EPS) of $1.09.

Benzinga

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Benzinga

Kohl's Receives $9B Buyout Offer From Franchise Group: Reuters

Kohl’s Corp (NYSE:KSS) has received a $9 billion buyout offer from Franchise Group Inc (NASDAQ:FRG), Reuters reported. The report specified that the franchise Group plans to pay $69 per share of Kohl’s. Kohl’s, under pressure from activist hedge funds regarding a sale, will now have more options with Franchise’s entry. The report also noted Hudson's Bay…

Benzinga

Recap: Franchise Group Q4 Earnings

Franchise Group (NASDAQ:FRG) reported its Q4 earnings results on Wednesday, February 23, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

Benzinga

Franchise Group's Earnings: A Preview

Franchise Group (NASDAQ:FRG) is set to give its latest quarterly earnings report on Wednesday, 2022-02-23. Here's what investors need to know before the announcement. Analysts estimate that Franchise Group will report an earnings per share (EPS) of $0.76.

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