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Kohl’s Asks Goldman to Coordinate With Bidders for Retailer

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Kohl’s Corp. said it has authorized Goldman Sachs Group Inc. to coordinate with select bidders for the retailer so they can “refine and improve” their offers with proof of financing and binding documentation.

Kohl’s said in a statement Monday that it has received multiple preliminary indications of interest that are nonbinding and don’t have committed financing. Separately, the company told shareholders that the board’s review of alternatives and dialogue with potential bidders will be weighed against the potential value that could be created under its standalone plan.