A consortium backed by activist hedge fund Starboard Value LP has provided roughly $9 billion to purchase division retailer Kohl’s Corp.
in response to individuals accustomed to the matter.
A gaggle led by Acacia Research Corp.
which Starboard controls, provided to purchase the department-store chain for $64 a share in money Friday, the individuals stated. It instructed the corporate it has obtained assurances from bankers that it might be capable to get financing for the bid, the individuals stated.