In this clip from "Wheeling & Dealing" on Motley Fool Live , recorded on Feb. 4 , Motley Fool contributor Toby Bordelon talks about the recent news that Kohl's (NYSE: KSS) has interested potential acquirers and discusses why the retailer might not be too keen on the valuation.
Toby Bordelon: So, Kohl's. You may have heard the news. We all know Kohl's. It's a department store. Probably, they're best known right now as a place where you can, in some cases, drop off your Amazon (NASDAQ: AMZN) returns. Not a great thing to be known for if you're a chain of department stores, but there you go. They received an unsolicited buyout offer a couple of weeks ago from a hedge fund, Starboard Value (NASDAQ: SVAC) . The offer was $64 in cash, $9 billion total value, so that was out there. Apparently, people want to buy Kohl's. You can imagine how it might be attractive to private equity. They can probably get some efficiencies here. Maybe do something with an online presence. There are a lot of things that you would think could squeeze some value out.
For further details see:
Is Starboard's $9B Offer a Fair Valuation of Kohl's?