Retail

Kohl’s activist investor group hopes to name 5 directors, down from 9

0


An Amazon.com Inc. sign hangs outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019.

Kyle Grillot | Bloomberg | Getty Images

The group of activist investors looking to seize control of Kohl’s board has reduced the number of directors that it plans to nominate, to five from nine.

In a letter sent to the retailer’s shareholders Thursday morning, the group — which has a combined 9.5% stake in Kohl’s — said it originally nominated nine candidates “in hopes of working constructively with the board to choose from a large pool of candidates to construct a well-balanced board.”

But Kohl’s was quick to reject the initial proposal late last month,…



Source cnbc.com

Here are the states with the longest and shortest life expectancies, according to the CDC

Previous article

Five charts that tell the story

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail