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Kohl?s Receives $9 Billion Offer Backed by Activist Investor - The New York Times

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The New York Times
SOURCE: https://www.nytimes.com/2022/01/22/business/dealbook/kohls-sale-starboard-value.html
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Summary

The offer comes as the retailer, like other brick-and-mortar stores, struggles with supply chain problems and competition from online sites.

 As said here by Lauren Hirsch
New York Times
Lauren Hirsch