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[Markets] JCPenney Owners Offer $8.6 Billion For Kohl's, NYPost Reports JCPenney Owners Offer $8.6 Billion For Kohl's, NYPost Reports

Simon Property Group and Brookfield Asset Management, the new owners of JCPenney, have allegedly made an offer to acquire department store retail chain Kohl's for $8.6 billion, New York Post reports, citing sources close to the talks. 

Kohl's shares jumped as much as 4.5% on the news, the most since early April. 

*Developing

Tyler Durden Mon, 04/25/2022 - 12:20
Published:4/25/2022 11:26:59 AM
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