Franchise Group mulls lowering bid for Kohl’s to $50 per share – CNBC

2022.06.22 21:25

The Kohl’s label is seen on a shopping cart in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid

(Reuters) – Franchise Group (NASDAQ:FRG) is considering lowering its bid for department store chain Kohl’s Corp (NYSE:KSS) to $50 per share from about $60, CNBC reported on Wednesday, citing a source familiar with the deal talks.

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