Bloomberg: Kohl’s could be ripe for takeover

After Milwaukee-based Kohl’s Corp. experienced disappointing holiday sales and its stock dropped to its lowest point in four years, some analysts suggested the Milwaukee-based retailer could be ripe for a takeover, according to a Bloomberg report. Kohl’s reported a 3.4% decrease in comparable-store sales over the five-week period ending Dec. 29, having slashed retail prices. Sales fell 5.6% in November, partly because of Hurricane Sandy. A buyout at current stock prices could be valued at $14.5 billion.