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Kohl’s Rejects Activist Group Push to Sell Properties

Shareholders Seek Control of Retailer’s Board While Asking for Leaseback Deals
An activist shareholder group is pushing Kohl’s to sell some of its real estate. (iStock)
An activist shareholder group is pushing Kohl’s to sell some of its real estate. (iStock)
By Jennifer Waters
CoStar News
February 22, 2021 | 9:09 P.M.

An activist investor group is pushing Kohl’s to unload nearly $7.5 billion in real estate through sale-leaseback pacts that can pump cash into the department store retailer, a move that prompted the company to reject the idea.

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