Kohl’s Confirms Receipt of Expressions of Interest

Rhea-AI Summary

Kohl’s Corporation (NYSE: KSS) has confirmed receiving letters of interest for acquisition. The Board of Directors will evaluate these proposals to ensure alignment with shareholder interests. Shareholders are advised that no immediate action is required. The company will not comment further unless deemed necessary for shareholder benefit. Caution is advised regarding forward-looking statements, which involve risks and uncertainties that could affect actual results.

Positive

• Interest in acquiring Kohl's could lead to potential premium offers for shareholders.

Negative

• Uncertainty regarding the potential acquisition may affect stock stability.

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation (NYSE:KSS) (“Kohl’s” or the “Company”) today confirmed that it has received letters expressing interest in acquiring the Company.

The Kohl’s Board of Directors will determine the course of action that it believes is in the best interests of the Company and its shareholders. Shareholders are not required to take any action at this time.

Kohl’s does not intend to further comment publicly on these matters unless it determines it is in the best interests of shareholders to do so.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates,” “plans,” or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause the Company's actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks described more fully in Item 1A in the Company's Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Company's filings with the SEC. Forward-looking statements relate to the date initially made, and Kohl’s undertakes no obligation to update them.

About Kohl's

Kohl’s (NYSE: KSS) is a leading omnichannel retailer. With more than 1,100 stores in 49 states and the online convenience of Kohls.com and the Kohl's App, Kohl's offers amazing national and exclusive brands at incredible savings for families nationwide. Kohl’s is uniquely positioned to deliver against its strategy and its vision to be the most trusted retailer of choice for the active and casual lifestyle. Kohl’s is committed to progress in its diversity and inclusion pledges, and the company's environmental, social and corporate governance (ESG) stewardship. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com or follow @KohlsNews on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005441/en/

Investor Relations:

Mark Rupe, (262) 703-1266, mark.rupe@kohls.com



Media:

Jen Johnson, (262) 703-5241, jen.johnson@kohls.com

Lex Suvanto, (646) 775-8337, lex.suvanto@edelman.com

Source: Kohl's

FAQ

What acquisition interest has Kohl's Corporation received?

Kohl's Corporation has received letters expressing interest in acquiring the Company.

What should Kohl's shareholders do regarding the acquisition interest?

Shareholders are not required to take any action at this time.

What is the current stock symbol for Kohl's Corporation?

The stock symbol for Kohl's Corporation is KSS.

Will Kohl's provide further updates on the acquisition interest?

Kohl's does not plan to comment further unless it is in the best interests of shareholders.