Skip to content
Andrea Felsted

Kohl’s $8 Billion Takeover Leaves Little Room for Drama

Without another plot twist, this department-store saga could end in disappointment.

Up for sale?

Up for sale?

Photographer: Joe Raedle/Getty Images North America

The six-month long saga over the fate of Kohl’s Corp. is heading toward a conclusion.

The department-store chain has entered into a three-week exclusivity period with Franchise Group Inc. on a potential $60 per share cash offer, valuing the retailer at about $8 billion, the two companies said late Monday.