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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (69620)1/24/2022 1:01:16 PM
From: E_K_S  Respond to of 78516
 
Actually two Private equity funds. All cash I believe, one at $65/share & another at $68/share.

Kohl’s receives $9 billion bid backed by Starboard Value

The offer is led by Acacia Research Corp, which is run by Clifford Press and takes stakes in companies with an eye for ownership. Buying Kohl’s would be their largest acquisition to date. Acacia, backed financially by Starboard, now has a stake of less than 5% in the department store chain, the people said. The firm has in the past offered to buy Spok Holdings and Comtech Telecommunications Corp.
FWIW I own CMTL and probably should have sold on that rumor. Company had no interest in selling.



To: robert b furman who wrote (69620)1/25/2022 4:46:22 AM
From: scbeachbum2 Recommendations

Recommended By
E_K_S
rogermci®

  Read Replies (3) | Respond to of 78516
 
The KSS buyout really woke a lot of people up in the retail sector. Look at JOAN, solid company and EPS and 28% of the float short. KSS had 12% of their float short before the buyout announcement. I could see where JOAN really zips along or is perhaps looked at as an acquisition by more funds in the retail space.


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