Report: JCPenney’s owners planning an $8.6 billion takeover of rival Kohl’s

Mall operators Simon Property Group and Brookfield Asset Management have offered to buy retailer Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to an April 25 report in the New York Post. Simon and Brookfield, which bought rival department-store chain JCPenney out of bankruptcy, have offered $68 a share, […] The post Report: JCPenney’s owners planning an $8.6 billion takeover of rival Kohl’s appeared first on Digital Commerce 360.