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Sycamore Expresses Interest in Kohl's After Starboard-Backed Bid

  • Retailer received $9 billion bid from Starboard-backed Acacia
  • Sycamore Partners also emerges as potential buyer for Kohl’s
Shoppers view children clothing for sale at a Kohl's. department store in Woodstock, Georgia.

Shoppers view children clothing for sale at a Kohl's. department store in Woodstock, Georgia.

Photographer: Dustin Chambers/Bloomberg
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Department store retailer Kohl’s Corp. is fielding interest from two suitors at the same time that it’s grappling with multiple activist investors pressuring it to sell.

The latest potential takeover offer comes from Sycamore Partners, which has reached out to Kohl’s about a deal, according to people familiar with the matter, just days after another bidder emerged with a $9 billion bid backed by hedge fund Starboard Value LP.