After Reuters reported earlier that suitors competing to buy Kohl's Corporation (NYSE:KSS) are preparing to lower their takeout offers, but still plan to make bids, a person familiar with the matter told CNBC that mall owner Simon Property Group, Inc. (NYSE:SPG) is not planning to make a bid for Kohl's, according to Lauren Thomas. Shares of Kohl's are off earlier highs but remain about 12.5% higher at $40.70 in afternoon trading following the reports from Reuters and CNBC.
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5-day change | 1st Jan Change | ||
142.7 USD | -0.06% | +1.68% | +0.06% |
Mar. 25 | Truist Securities Adjusts Price Target on Simon Property to $147 From $139, Maintains Hold Rating | MT |
Mar. 25 | Wall Street: breathless but positive week by +2 | CF |
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+0.06% | 46.52B | |
-13.56% | 12.49B | |
-23.15% | 11.04B | |
-11.85% | 10.99B | |
-4.80% | 7.52B | |
-6.45% | 6.56B | |
-7.78% | 5.86B | |
-6.99% | 5.72B | |
-6.39% | 4.77B | |
-9.73% | 4.06B |
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- Simon Property Reportedly Have No Plan to Make Bid for Kohl's