Kohl's terminates buyout talks with Franchise Group, CNBC reports - InvestingChannel

Kohl’s terminates buyout talks with Franchise Group, CNBC reports

Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group (FRG), Lauren Thomas of CNBC reports, citing two people familiar with the matter. Franchise Group had been weighing lowering its bid for Kohl’s to closer to $50 per share from about $60, CNBC reported last week. Shares of Kohl’s are down 16%, or $5.59, to $30.38 following the report.

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