The Wall Street Journal has reported that amid struggles to regain its once-strong growth, directors at Kohl’s Corp. are considering making the retail giant a private company.
According to the paper, directors are exploring the possibility of hiring an investment bank to explore alternatives that could include sale to a private equity firm.
Analysts predict shares of Kohl’s stock could sell for as much as $95 a share in a leveraged buyout, according to the Milwaukee Journal Sentinel.
Kohl’s employs some 5,000 people at its Menomonee Falls headquarters.
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