Kohl’s shares plunge on report deal talks have ended

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Shares of department store operator Kohl’s KSS, -0.61% fell 14% in premarket trade after CNBC reported that deal talks for it to be bought by Franchise Group FRG, -3.22% have ended. The report cited two people familiar with the matter. Franchise Group had proposed a buyout worth $60 per share, subject to due diligence. Kohl’s ended Thursday at $35.69.

This article was originally published by Marketwatch.com. Read the original article here.

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