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SPG - Kohl's jumps on report bidders expected to make offers lower than original bids
Simon Property Group Inc.
Kohl's Corp. (NYSE:KSS) soared 16% on a report that potential bidders are planning to make binding offers that are lower than their original bids. Sycamore Partners, Franchise Group (FRG) and Simon Property (SPG) and Brookfield Asset Management (BAM) plan to make offers that are at least 10% to 15% below their original bids, according to a Reuters report. Developing story ...