Kohl’s Stock Plunges As Retailer Scraps Franchise Group Sale Talks

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The Street

By Martin Baccardax “Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal,” said chairman Peter Boneparth. Kohl’s Corp. (KSS) – Get Kohl’s Corporation Report shares plunged lower Friday after the struggling retailer ended talks with the Franchise Group (FRG) – Get Franchise Group Inc. Report over a possible $8 billion takeover. CNBC first reported late Thursday that Kohl’s has ended the exclusive talks, which began early last month, following market speculation that the Franchise Group was looking to reduce its bid for Koh…

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