ACTG - Kohl's falls after report Hudson's Bay Brookfield likely out of sales process

Kohn's (NYSE:KSS) dropped 5% on a report that Hudson Bay's interest in purchasing the department store chain has cooled. Brookfield (BAM) is also said to have existed the sales process, according to a Dealreporter item, which cited a source familiar. The volatile markets are also a big issue for all bidders including Sycamore, Acacia Research (ACTG) and Franchise Group (FRG), according to the report. It's possible that valuation for Kohl's may dopped to mid $50s/share in a sale. Developing story ...

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Kohl's falls after report Hudson's Bay, Brookfield likely out of sales process