ACTG - Kohl's holders said expected to reject all of activist Macellum's 10 board nominees

Kohl's (NYSE:KSS) investors are said expected to reject all 10 of activist Macellum's nominees at the department store chain's annual meeting today, according to a Bloomberg report. Macellum has been engaged in a proxy fight for for Kohl's for months as the activist tries to push the company to overhaul its board and sell itself. The expected rejection comes after proxy firm Glass Lewis last week recommended Kohl's (KSS) holdesr vote to elect all 13 of the retailer's board nominees and proxy firm ISS recommended holders vote for 3 of the 10 nominees from Macellum. In the midst of the proxy battle, Kohl's has been undergoing a strategic review, where it has been shopping itself. Last week the NY Post reported that KSS received an offer from Simon Property (SPG) and Brookfield Asset Management (BAM) for $68/share. Other bidders reportedly bidding for Kohl's (KSS) in recent months include Hudson's Bay, Sycamore Partners, Acacia Research (ACTG) and

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Kohl's holders said expected to reject all of activist Macellum's 10 board nominees